I don’t think it’s just the revenue projection that drove this sharp drop. I think the market is wising up to the fact that future ad revenue is going to collapse when the CEO of the company admits to Congress that his website has millions of fake users.
It’s not going to collapse. With 2.19 BILLION monthly active users millions of fake accounts means NOTHING. A quarter of the world is on FB. They hauled in 13.23 BILLION dollars in 3 months. This stock collapse is pure stupid panic in a market that’s been overly emotional for 20+ years. Ad revenue will be fine, the stock price will be back up.