Global stocks fail to hold four-month peak as Facebook plunges

By Trevor Hunnicutt NEW YORK (Reuters) - World stock markets failed to hold onto four-month highs on Thursday as a record sell-off in Facebook shares offset optimism that the European Union and the United States would settle their differences on trade. Facebook Inc, the fifth-largest global stock by market capitalization, collapsed 18.96 percent, the biggest one-day wipeout in U.S. stock market history, after the social media company's earnings report showed slowing usage in the biggest advertising markets. Chief Executive Mark Zuckerberg's fortune took an almost $16 billion hit as the declines wiped more than $120 billion off the company's value.

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