C.P.’s comment: The 19 per cent drop in stock market vaporized $119 billion for facebook and $16 billion for Mark Zuckerberg in his net worth. Facebook further warned of significantly slow growth for the penultimate period this year, with expenses continue to skyrocket. Both the slower growth forecast and heavier spending reflect problems largely of Facebook’s own making. New European privacy rules, inspired in part by … Continue reading Facebook crashes nose down, with slow projected growth; where is it spending its earning