The almost 40 per cent slump in its share price in four months means Facebook has lost in market value about the entire worth of Chevron, Intel or Coca-Cola. Through it all, analysts have largely stuck to their recommendations to buy the stock. Photo: AFP

Facebook stock wipeout shows how analysts lag behind market in their recommendations

  • Facebook has lost the equivalent of a Chevron, Intel or Coca-Cola in market value in four months
  • Analysts have largely stuck to their recommendations to buy the stock through the wipeout
Topic |   Technology
The almost 40 per cent slump in its share price in four months means Facebook has lost in market value about the entire worth of Chevron, Intel or Coca-Cola. Through it all, analysts have largely stuck to their recommendations to buy the stock. Photo: AFP
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