Los Angeles Times

Facebook shares plunge

Wall Street unfriended Facebook Inc. on Thursday - and it was an ugly breakup.

The social-media giant's stock, among the most widely held in the nation, plunged 19 percent after Facebook warned that its sizzling growth is slowing amid the user-privacy concerns and other controversies that have rocked the company in recent months.

The stock tumbled $41.24 to $176.26 a share, wiping out $120 billion of Facebook's overall stock-market value and lowering it to $511 billion.

The loss was the largest daily dollar decline for a publicly held U.S. company in history, topping a $91-billion plunge in Intel Corp.'s stock in

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