FACEBOOK FAIL: Zuckerberg Loses $16 BILLION in FIVE MINUTES as Shares PLUNGE

Facebook shares sink 8% as Q2 revenue and user growth misses analyst estimates

Its $1.74 earnings per share beat expectations of $1.72. The company's stock plunged 20% at one point, taking Zuck's personal net worth down with it.

Investors have been anxious about the continuing brand damage the Cambridge Analytica data hacking scandal is taking on Facebook, a day after it revealed three million European users had stopped using Facebook. Zuckerberg's paper fortune fell by $14.5bn from $86.5bn Wednesday to $72bn on Thursday, sending him tumbling from the third-richest person on the planet to sixth. Investors were spooked by forecasts form the company that revenue growth would continue to decelerate. Its stock was trading at $176.26 late Thursday, down from $217.50 a share before the report was released. And slower growth on the primary Facebook platform doesn't overshadow growth on its other holdings, they say.

He said in April: "But it's clear now that we didn't do enough to prevent these tools from being used for harm as well".

All these problems are hitting amid a harsh truth for the company: Facebook, the social network with 2.23 billion active monthly users, can't grow forever.

Facebook has shown that it can not sail forever forward while facing various storms, including Cambridge Analytica and the Russian government's use of the social media platform to sow divisions amongst Americans during the 2016 presidential campaign. Facebook and Instagram ad spending through 4C rose 48 percent year over year, according to Goldman.

North Korea Hands Over Remains of U.S. Soldiers From Korean War
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Some analysts said Facebook's issues would not be easily resolved.

Amazon's stock is already up almost 72 per cent in the previous year and Amazon is getting closer to surpassing iPhone maker Apple as the world's most valuable company.

Meanwhile, Facebook is also still coming to terms with the European Union's new privacy laws and the impact the rules will have on the business. The loss of users - the whole reason for the network effect, the reason Facebook can charge advertisers so much money - is what Facebook needs to overcome.

Investors were also concerned by figures which showed the number of active users has also grown less quickly than expected. All users had to affirm consent to its data collection practices before being allowed to continue to use Facebook. Instagram now has more than 1 billion users, and analysts expect it to be a model for how Facebook molds its other big app purchase, WhatsApp, into a lucrative business. But Facebook, which reported sales growth averaging 50 percent the past 10 quarters, may just be lowering the bar so it can win back confidence in future quarters. "Looking beyond 2018, we anticipate that total expense growth will exceed revenue growth in 2019".

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