Stocks have fallen in morning trading on Wall Street as Facebook parent company Meta plunged 24.5 per cent, erasing more than $US220 billion in market value, the largest drop in history.The huge drop pulled the tech-heavy Nasdaq index down 2.3 per centIf losses hold, a decline of this size would also mark the company's worst one-day loss since its Wall Street debut in 2012.
The S&P 500 index fell 1.4 per cent as of 10:03 am Eastern Time and the tech-heavy Nasdaq fell 2.3 per cent.Meta sank after forecasting revenue that was well below analysts' expectations for the current quarter, a disappointment for a company that investors have become accustomed to delivering spectacular growth.
With Big Tech firms like Apple and Microsoft ballooning in valuations in the past few years, they have also become more susceptible to investor whiplash, often resulting in losses worth tens of billions of dollars in a single day of trade.
You are not allowed to tell the truth.
The good old days of college up skirt, and who's hot and who's not. So much less complicated...
Good
🥰🥰🥰 always good to wake up to good news on a Friday
It’s like an old Ford challenging a Ferrari. Ads every second post drive us mad. Time for Meta to change or go.
Oh no! If FB (sorry…’Meta’) folds, how will we all sell our old, knackered sofas?
toninicho
Are the investors losing money the only ones still on Facebook ?
This guy is still waiting
Who knew the constant stream of ads would irritate users?
Good. Keep going. Tank harder.
Hopefully Facebook ends up like MySpace, forgotten
25% discount good time to buy
👍👍👍👍👍👍👍👍👍👍👍
It’s only a matter of time before his platform disappears. Erased and forgotten, just like he treats anyone with an FB account that he finds offensive. Hopefully the new platform replacing it won’t be so fully leftard !
👍 like
Because Facebook suuuuuucks! 👏
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Meta stocks nosedive as Zuckerberg faces $34 billion drop in personal worthStock in Meta – formerly Facebook – dropped more than 20 per cent in after-hours trading following a disappointing fourth-quarter earnings result. If you build it, they won't come. For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her corinne_florenc Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇 No one cares! BoycottFacebook BoycottMeta BoycottSuckerbergEverything
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Meta stocks nosedive as Zuckerberg faces $34 billion drop in personal worthStock in Meta – formerly Facebook – dropped more than 20 per cent in after-hours trading following a disappointing fourth-quarter earnings result. For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her corinne_florenc Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇 He wouldn't even know he had it
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Meta stocks nosedive as Zuckerberg faces $34 billion drop in personal worthStock in Meta – formerly Facebook – dropped more than 20 per cent in after-hours trading following a disappointing fourth-quarter earnings result. If you build it, they won't come. For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her corinne_florenc Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇 No one cares! BoycottFacebook BoycottMeta BoycottSuckerbergEverything
Source: 9NewsAUS - 🏆 10. / 72 Read more »