Social media giant Facebook lost about $120 billion of its market capitalisation in just one day. The company's shares fell by $41.24, almost 19 percent, to $176.26 on NASDAQ, reacting to disappointing financial results declared on Wednesday.

The fall in the market capitalisation was the biggest one-day loss in the history of US’ stock market, exceeding the $91 billion loss suffered by Intel in September 2000.

Facebook's stock was down 2.8 percent since the beginning of the year from $181.42.

While, the share prices of other major tech biggies listed on NASDAQ have risen.

The top-performing tech stock among them was Netflix, California headquartered, over-the-top media services provider. It has had a big bull-run this year so far as its share price surged as much as 81.6 percent on NASDAQ, since the beginning of the year.

Ecommerce major Amazon followed Netflix with a share price gain of 52 percent since 2nd January, while Google’s parent company Alphabet was up 19 percent. NASDAQ composite was up 12 percent during the same period.