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Facebook watched as $56 billion was wiped off its market value on Friday after a slew of major advertisers said they would be boycotting the social network.
The platform’s stock price plunged by more than 8 percent, with shares expected to cost $212.50 a piece when markets open on Monday, down from $235 when markets closed on Thursday.
Bloomberg reported that Facebook’s value had fallen by $56 billion, adding that the downturn had also taken $7.2 billion off of Mark Zuckerberg’s net worth.
