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Detailed text transcripts for TV channel - FOXNEWS - 20180727:22:09:00

Lawmakers on capitol hill that facebook is in need of some major security and privacy upgrades. since then public pressure has mounted for the company to reign in bots fake extremists on platform. over 2 billion monthly active users. significant number of people and a lot of data to manage. this week the cost of what tech experts say a cost have cost the company $119 billion in market capital in a single day. now, it s up to the users of facebook to decide who they want to stay on the platform or not. result presidentially, i think facebook has come under pressure in the marketplace. but in a conference call wednesday, both zuckerberg and cfo david warner told shareholders they are not backing down from new commitments however expensive they may be. as i have said on past calls, we are investing so much in security that it will significantly impact our profitability. but it s not just security infrastructure that has a steep price tag. it s also paying for ....

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Detailed text transcripts for TV channel - FOXNEWS - 20180727:12:36:00

To the data which was released five minutes ago, personal spending was up and exports were up as well because a lot of people tried to get stuff before a tear of kicked in. there was a little of that, like soybean exports in the month of may when up 50% trying to get ahead of the tears. that s a big number. it is a big number but the europeans have just agreed to buy a ton of our soybeans in the immediate future so maybe you get this kind of growth extending into the third quarter as well. you thought a lot of soybean. yes i did. apparently i eat a lot of soybean sprint i hear there and everything. we talk about facebook, they got destroyed yesterday, 19% of their value was lost. how concerned should you be if you have facebook in your mutual fund or your stock - the value of the company went down $119 billion credit was the largest one-day loss for any company in the history of the stock market, but your question is this, what should ....

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Detailed text transcripts for TV channel - MSNBC - 20180727:14:50:00

Express, gone, just to give you perspective there. facebook s stock this morning is basically flat. it is roughly unchanged from where it s been. as for the overall market, a mixed mick mixed picture. jo ling kent joins us. jo, this is a big thing for facebook. mark zuckerberg lost like $19 billion personally, of his own money in a single day like this. how does it happen? well, it s all about what happens going forward, and you don t see the record breaking losses, at least you haven t seen anything close to it since the dotcom bubble burst. taking a very significant hit. this morning a social network at a cross roads. facebook absolutely tanking. facebook reeling from the worst day ever on wall street giving up $119 billion in market ....

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Detailed text transcripts for TV channel - MSNBC - 20180727:09:11:00

One-day loss in market value by a single company in wall street history yesterday. it was the company s worst day ever since becoming public after a sobering quarterly report slowing down revenue estimates and user decline sent investors heading for the his. shares closed down 19%, knocking $119 billion off the company s market value. that s a lot of money. mark zuckerberg personally lost an estimated $16 billion as a rule, falling three spots to number six on the list of the world s richest people. he s still pretty rich. no company in the history of the stock market has ever lost 100 billion in market value in a single day, but two came close, intel and microsoft back in 2000 on the edge of the dot-com bubble burst. i think the world will be watching the markets to see how and if facebook recovers. still ahead, a democrat senator claims russian hackers tried to gain access to her ....

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Detailed text transcripts for TV channel - MSNBC - 20180727:14:49:00

keep it comin love. if you keep on eating, we ll keep it comin . all you can eat riblets and tenders at applebee s. now that s eatin good in the neighborhood. we re watching wall street right now, where facebook is really trying to recover this morning after the biggest single day loss for any public company in u.s. stock market history. this is all tied to worries about the financial impact of dealing with this whole fake news and cambridge analytica scandal. the stock dipped 19%. 19%. that means it obliterated $119 billion in facebook s value. what does that perspective mean? that loss in a single day is the equivalent of wiping out the value of most of the companies in the s&p 500. for example, iconic companies like ups, like costco, american ....

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