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Facebook value plunges billions after disappointing earnings report

02:50

Facebook’s stock took a major hit Wednesday after a disappointing earnings report, causing the company’s value to fall a staggering $120 billion in just two hours. The social media network’s founder, Mark Zuckerberg, took a financial hit of $17 billion. This comes amid times of controversy inside Facebook, including the Cambridge Analytica scandal that exposed the private information of millions of its users. NBC News business correspondent Jo Ling Kent reports for TODAY.