When cash app stocks go up, Facebook’s stock goes down…again

Cash app stocks have fallen again after Facebook Inc. reported record earnings in its latest quarterly earnings report.

The stock was up 1.6% on Friday morning, after the company said it expects revenue from its popular messaging app WhatsApp to be $1 billion in the fiscal year ending June 30.

But by Monday, shares of Facebook were down more than 10%.

The stock has plunged over the past week after the social media giant reported that the number of people using the messaging app dropped to the lowest level in seven years, as the U.S. government sought to crack down on Chinese social media companies.

Facebook shares are down more or less every day this week, even as they are up over the weekend.

Shares of Amazon.com Inc. have also dropped in recent weeks, while Facebook has remained steady.