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Hedge funds lose nearly $6 billion as Facebook shares crater

Facebook was the most-loved holding of hedge funds before the stock’s epic plunge on Thursday, resulting in a massive multi-billion dollar loss for the so-called smart money on Wall Street. Of 848 hedge funds tracked by Goldman Sachs, 97 had Facebook as a top 10 holding, according to the firm’s …

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Facebook’s $100 billion-plus rout is the biggest loss in stock market history

Facebook was on track Thursday to post the largest one-day loss in market value by any company in U.S. stock-market history after releasing a disastrous quarterly report. Through midday Eastern Time, the social media giant’s market capitalization had plummeted by about $120 billion to about $508 billion as its stock …

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Mueller looking at Trump tweets in obstruction probe: report

Oliver Contreras | Getty Images News | Getty Images President Donald Trump crosses the South Lawn upon arrival at the White House on July 8, 2018 in Washington, DC. The First Family spent the weekend at the Trump National Golf Club in Bedminster Township, New Jersey.  Special counsel Robert Mueller …

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