How Facebook's $124-billion rout could rewrite history books

Shares tumbled as much as 20 per cent in New York on Thursday. This translates to a $124 billion decline in market capitalization -- the largest ever loss of value in one day for a US traded company

Facebook Inc. has racked up plenty of milestones in its pioneering journey. Now the social-media giant has added another one that it would have rather avoided: the biggest stock-market wipeout in American history.

Shares tumbled as much as 20 per cent in New York on Thursday as sales and user growth disappointed investors. This translates to a $124 billion decline in market capitalization, which is the largest ever loss of value in one day for a US traded company.

Biggest Losers

The following is a look at some of history’s other notable one-day share slams, considering American