Duquesne, Jana Among Fund Investors Breaking Up With Facebook

(Bloomberg) Billionaire Stanley Druckenmiller’s love for Facebook Inc. proved short-lived, and he’s not alone. The social-media giant, a onetime hedge fund darling, saw a number of high-profile investors hit the exit during the third quarter, when an earnings miss in July erased $120 billion from its market capitalization in a single day. The shares fell 15 percent in the three months ended Sept. 30.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply