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A failure that has cost the digital giant dearly. The New York Stock Exchange<\/strong> ended Monday down sharply, weighed down by the technology sector, Facebook<\/strong> and fears of inflation.<\/p>\n <\/p>\n According to final results at the close, the Dow Jones<\/strong> index lost 0.94% to 34002.92 points. The tech-heavy Nasdaq<\/strong> dropped 2.14% to 14255.46 points. The S&P 500<\/strong> gave up 1.30% to 4300.46 points.<\/p>\n <\/p>\n The Nasdaq<\/strong>‘s heavyweight, Facebook<\/strong>, plunged 4.89% to $326.23 on Monday. The technology company has been experiencing a series of setbacks for several months now. Last September, whistleblower Frances Haugen<\/strong>, a former engineer and product manager at Facebook<\/strong>, revealed numerous documents showing that the company was choosing profit over safety. Mark Zuckerberg<\/strong> and his company allowed certain celebrities, politicians and must-see internet users to bypass the rules on content moderation to which the rest of the users are subject.<\/p>\n <\/p>\n For example, in 2019, football star Neymar<\/strong> was able to show his millions of followers photos that showed a naked woman accusing him of rape, before deleting them. Similarly, internal studies by the group have shown that its social network Instagram<\/strong> has negative effects<\/strong> on the morale of younger people, especially teenage girls.<\/p>\n <\/p>\n Last night’s mega-panic was yet another blow to Facebook<\/strong>. The share price even fell<\/strong> by almost 6% during the day. Since its peak in early September, the stock has lost 15%.<\/p>\n <\/p>\n In one session, because of the fall in its shares, the group’s wealthy co-founder Mark Zuckerberg<\/strong>, 37, lost 7 billion dollars in just a few hours, according to a count by Bloomberg<\/strong>, and even 19 billion since mid-September. Facebook is one of Wall Street<\/strong>‘s largest market capitalisations, and generally ranks behind Apple<\/strong>, Microsoft<\/strong>, Google<\/strong> (Alphabet<\/strong>) and Amazon<\/strong>.<\/p>\n <\/p>\n <\/p>\n