Fund managers count cost of Facebook’s $120bn fall
By
The $120bn plunge in the value of Facebook last week sent a shockwave across US and European funds that hold investments in the social media company as concerns grow over the huge stores of wealth concentrated in a handful of global tech stocks. Thursday’s share price tumble was the biggest one-day collapse in value of…
Please visit https://www.businessdayonline.com/financial-times/article/fund-managers-count-cost-facebooks-120bn-fall/ to access this member content.