Why the long Facebook? Hedge funds suffer from price plunge

August 8th, 20189:44 am @


Investors may not have ‘liked’ Facebook’s recent share price plunge — the largest one day fall in US market history — but it marked a significant setback for the reputations of the hedge fund managers who bet on it, according to industry commentators.

The precipitous 19% share plunge in the social network’s share price on July 26, caused by a downbeat earnings report, took $119bn off its market cap.


Article source: https://www.fnlondon.com/articles/why-the-long-facebook-hedge-funds-suffer-from-price-plunge-20180808