Thursday 3 February 2022
If Meta thought a rebrand would put the nightmare of 2021 to bed, the company was in for a rude awakening on Thursday. The company was hit by the worst one-day slump in stock-market history. But that unwelcome landmark merely scratches the surface of Meta’s problems. To truly capture the turmoil, we need to dig into the numbers that are spooking investors. $200 billion: Meta’s loss in value After Meta reported a rare decline in quarterly profit on Wednesday, shares in the company plummeted by more than 25%. The one-day crash wiped $200 billion off Meta’s valuation. That’s the biggest-ever collapse…
This story continues at The Next Web
