In just a few hours Facebook lost more money than most companies are worth

Facebook shared its financial results for the second quarter of 2018 yesterday and the information wasn't well received on Wall str. Shares of the company fell drastically from $217.5 to around $172. This caused the company to lose $123 billion in market cap. There aren't many companies that are worth more than $120 billion, let alone that can afford to lose that much without going under. So, what triggered the drop?

Facebook reported a Q2 growth rate of the unprecedented low 1.54%, dropping under 2% for the first time since the company launched. In comparison, Q1 growth was 3.42% which ...