Facebook reports drop in growth and revenue so stock drops $120 billion

Faceboook has dropped $120 billion in early trading to $500 billion.

* Facebook had 42% year-over-year revenue growth this quarter. They expect high single-digit drops each quarter to year-over-year revenue growth over the next few quarters. People will get more privacy options. They expect currency issues.

Daily active users hit 1.47 billion, up only 1.44%. Q1 had 3.42% user growth. Facebook’s slowest quarter-over-quarter daily user growth rate was 2.18% in Q4 2017.

Apple is at $951 billion.
Amazon is at $891 billion.
Microsoft is at $854 billion.
Google is at $851 billion.