Shares of Facebook slid further this week as the broader tech rout continued. The Facebook sell-off began in March following the Cambridge Analytica scandal, although for a period of time it did seem like the stock had recovered. Shares of the Menlo Park-based company climbed steadily higher, reaching an all-time intraday high of $218.62 on July 25th.
But since then the stock has fallen more than 36% after the tech giant missed revenue estimates for two straight quarters.
Pete Najarian owns Facebook calls.