Funky Friday: More than $32 billion in Microsoft stock value wiped out
When it came to Microsoft, it was “sell.”
The weekend can’t start soon enough for Microsoft CEO Steve Ballmer, who watched as investors drove down the company’s stock by more than 11 percent Friday after a disappointing earnings report raised questions about demand for the latest Windows operating system as well as the Surface tablet.
The stock finished at $31.40, off $4.04 for the day. The percentage decline — which wiped out more than $32 billion in stockholder value — was the biggest slide in Microsoft’s stock since the year 2000. More than 245 million…
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