Tuesday 8 February 2022

Facebook Parent Meta's Stock Continues Freefall, With Another 5% Drop on Monday

Facebook Parent Meta's Stock Continues Freefall, With Another 5% Drop on Monday

Meta’s stock continued to plummet Monday, adding another 5% to what is now a 27% drop in the last week since the company’s disappointing Q4 earnings. After shedding more than $230 billion of its market value in the last week, its valuation is less than a quarter of Apple’s $2.8 trillion market cap. Meta went down in history last Thursday for the biggest one-day crash in the stock market.
Read more: https://www.thewrap.com/meta-stock-continues-falling-more-than-27-as-facebook-shrinks/?source=Snapzu

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