Last Thursday, the new Meta (formerly Facebook) company started the day with an enormous loss of market capitalization.
photo
Why the huge fall of its stock price? Meta published its fourth quarter (last three months of 2021) earnings report the previous night: a shocking operating loss of $10 billion. Plus, Facebook had a loss of daily active users for the first time in its history.
It's on track to be the biggest one-day wipeout of a corporation's market value in America, ever.
from Business Insider
No comments:
Post a Comment