Facebook is down, but is it out?
February 3 is not a date Mark Zuckerberg will want to remember. This was the day his company’s stock, which was at $323 at the close of trading the day before, closed at $237, wiping $232 billion off Facebook’s market value, the largest one-day drop in NASDAQ history.
Facebook has experienced a few high-magnitude stock market plunges before, usually coinciding with the many scandals that have affected the…