Amazon’s surging bottom line. Facebook stock fell more than 18 percent

Amazon’s surging bottom line is a nice change for investors long-accustomed to the company’s razor-thin margins.


• Facebook stock fell more than 18 percent, erasing over $110 billion in market value in minutes. The plunge came a day after a poor second-quarter earnings report.

Facebook shares drop 18.96% in a dramatic slide one day after the social media giant released an underwhelming quarterly earnings report.

The drop wipes out $100 billion from the company’s market cap.