Why Facebook Stock Was Slipping Today

Shares of Facebook (NASDAQ: FB) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. Additionally, Instagram was experiencing an outage this morning, though the fine seems to be the main reason for the dip.

As of 2:49 p.m. EDT, the stock was down 1.8%, wiping nearly $20 billion off of its market cap.

Image source: Facebook.

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Source Fool.com