This year was bad for Facebook; it faces a reckoning in 2018

Facebook, Apple and other technology heavyweight stocks dropped on Wednesday. Is the tech stock rally over?

Facebook is projected to boost sales by 46% and double net income, but make no mistake: It had a terrible year. Despite its financial performance, the social media giant is facing a reckoning in 2018 as regulators close in on several fronts.

The main issue cuts to the core of the company itself: Rather than “building global community,” as founder Mark Zuckerberg sees Facebook's mission, it is “ripping apart the social fabric.”