in Billionaires, Business, Consumer Tech, Innovation, Investing, Markets, Media, Money, Personal Finance, Wealth Management
Facebook Faces An ‘Existential Moment’ After $230 Billion Stock Crash
Topline 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. Facebook’s stock had its biggest drop ever, losing a quarter of its value… More
