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Facebook stock took an insane pummeling on Wednesday,wiping nearly $150 billion off of the company’s value.

Disappointing second-quarter earnings and a far-from comforting management conference call were to blame for the dramatic share price tumble.

Facebook missed Wall Street expectations on revenue growth and user numbers. Revenue rose 42% to $13.23 billion but was $70 million short of forecasts. Monthly active users were around 20 million below predictions at 2.23 billion, despite being up 11% on Q2 in 2017.

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