Shares of Facebook parent Meta fell over 25% on Thursday—erasing over $230 billion in market value for its worst trading session in history—after the company’s dismal quarterly earnings report showed declining users and surging expenses related to the company’s metaverse project. See more $28.6 billion. That’s how much Facebook cofounder Mark Zuckerberg’s net worth plunged on Thursday, according to Forbes’ calculations. He is now worth$85.9 billion, … See more “This isn’t simply a disappointing quarter but rather an existential moment for Meta,” says Vital Knowledge founder Adam Crisafulli. “Investors will be forced to take a long and hard look … See more Since going public at around a $100 billion valuation in 2012, Facebook has posted share gains every single year except 2024, starting off this year with a market capitalization close to $1 trillion. The latest financial results and … See more While Meta’s near-term growth outlook was “disappointing,” 2024 will be a significant year for the company as it ramps up its foray into the metaverse, according to analysts … See more WebFeb 4, 2024 · FB stock price crash comes as Meta’s latest earnings call with investors saw the company report a loss of approximately a million daily Facebook users in the US, as the number of Facebook users ...
Facebook price: Why Meta price is down today and latest Meta …
WebJun 29, 2024 · The drop followed an 8.3% slide on Friday amid the first round of pulled advertising. The two-day stock decline resulted in roughly $60 billion being erased from … WebFeb 3, 2024 · On the radar: Facebook isn’t the only tech firm whose stock is getting hammered in part because of questions about its user base. Shares of PayPal’s stock … nw 10th and ann arbor
Facebook, Twitter and digital ad stocks drop sharply after …
WebApr 8, 2024 · Then, investors might better appreciate SoFi's rapidly growing user base, looming profitability, and strong balance sheet. CEO Anthony Noto reiterated his confidence, buying roughly $1.2 million ... WebFeb 4, 2024 · Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures ... WebOct 21, 2024 · Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it … nw 10th and rockwell