Facebook suffers biggest one-day value drop of any US company in history

[Counselor706]

Facebook parent company Meta shed more than $220 billion in market capitalization on Thursday, the largest such single-day decline for a U.S. company in history.

Meta’s stock closed down more than 26% on Thursday, an 85-point decline. The drop was largely driven by a quarterly earnings report that found the company was hemorrhaging daily users for the first time in its history. CEO Mark Zuckerberg personally lost about $24 billion.

Source

 

[ll74]

Didn't AOC day they should split up yesterday?

Coincidence??

 

[pecksniff]

Didn't AOC day they should split up yesterday?

Coincidence??

Then there would be two or more.

I don't see this as an improvement.

 

[Cubantripod]

Then there would be two or more.

I don't see this as an improvement.

There would be competition. Why do you think we no longer per long distance call anymore? Monopolies stifle growth that benefit the consumer.

 

[JohnnySavage]

I told youse guys not to give up on Geocities!

 

[Champakian]

A buying opportunity?


Does AOC recommend AOL?

 

[bellisarius]

Call me old fashioned but I just won't invest in any company that doesn't produce a tangible product. The Social Media companies are like any other media category, they sell hot air and just a small change in the wind can have dramatic impacts on their value.

 

[JohnnySavage]

I learned a painful lesson on investing in interweb companies with Inktomi

 

[Champakian]

I don't invest in individual stocks.

Who knows? My portfolio might include them.

I doubt I ever notice though. I live off the interest and

THIS STORY IS NOT INTERESTING!