FX.co ★ Nine companies that experienced the biggest drops in quotations

1. Facebook

Facebook became an absolute leader. The company lost $120 billion in a day.

At the same time, the index of high-tech NASDAQ companies fell by 0.9% to 7860.749. According to Bloomberg, the capitalization of Facebook decreased by $120 billion.

The value of the company's shares fell by 23% due to the corporate reporting with which analysts were dissatisfied. The revenue of $13.26 billion for the second quarter was not enough. According to analysts' forecasts, the social network should have earned $130 million more.

Experts were also dissatisfied with an increase in the number of the social media users. Instead of the expected 2.25 billion, there was only 2.23 billion active users in the social network.

2. Intel

In September 2000, Intel survived a similar catastrophe, when the dot-com bubble burst. The value of shares fell by 22%, and the company lost $91 billion in one day.

The fall occurred immediately following the company's report of the declining demand in Europe, and also due to the forecast of profit growth, which turned out to be lower than analysts expected.

3. Microsoft

When the dot-com bubble burst, Microsoft lost $80 billion. It happened on April 3, 2000.

4. Apple

The fall in Apple's quotations in 2013 was due to modest financial results.

In one day, the company lost almost $60 billion of market capitalization and was no longer the most expensive company in the world.

Apple managed to return market capitalization by the end of 2013 to the level that was registered before the fall. After which the company became the most expensive in the world once again.

5. ExxonMobil

In 2008, many companies faced the crisis. ExxonMobil which lost $52.5 billion of market capitalization on October 15, 2008, was not an exeption.

In a day, the value of shares decreased by 14%.

6. GE

General Electric was also hurt by the year of 2008. The day of April 11 will forever remain a dark spot in the corporation's history.

In one day, the market capitalization of GE contracted by $47 billion, and the value of shares fell by 12.79%.

7. Lucent Technologies

On January 6, 2000, the market capitalization of Lucent Technologies declined by $45.5 billion. The company's stock went down by 20% in one day.

8. Google

That year was rough also for Google. In February, the company lost $41.1 billion of market capitalization. The value of shares fell by 5.28%.

The beginning of 2018 was difficult for Google. On February 2, the value of the company's shares fell by 5.28%.

9. Bank of America

The crisis of 2008 also affected the Bank of America. On October 7, the company's stock price decreased by 26.2%, which led to a loss of $38.5 billion of market capitalization. This day has become one of the worst in the company's history.