Published 1 year ago

Meta's value has plunged by $700 billion. Wall Street calls it a "train wreck."

Summary by Ground News

Far from Facebook’s Big Tech days, Meta is no longer among the 20 most valuable U.S. companies after the stock sank 23% on Thursday. The company has shed 70% of its value this year and 74% since the stock peaked in September 2021, totaling over $730 billion in market cap lost.

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New York Post

Mark Zuckerberg lost $100 billion in last 13 months as Meta stock plunges 25%

Mark Zuckerberg has seen his net worth plummet by more than $100 billion in the last 13 months as Meta's stock price fell by more than 22%.

1 year ago·New York, United States

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CNBC

Facebook used to be a Big Tech giant — now Meta isn't even in the top 20 most valuable U.S. companies

Meta shares are down more than 20% on Thursday, the second time this year they've collapsed after an earnings report.

1 year ago·United States

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CBS News

Meta's value has plunged by $700 billion. Wall Street calls it a "train wreck."

A year ago, Facebook's parent company was worth $1 trillion. But a risky bet on the metaverse has investors worried.

1 year ago

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The Sun

Mark Zuckerberg sees almost £70bn wiped off the value of Facebook owner Meta

MARK Zuckerberg saw almost £70billion wiped off the value of his media giant Meta yesterday.The company, which owns Facebook, Instagram and WhatsApp, has been hit by a global advertising downturn.GettyMark Zuckerberg saw almost £70billion wiped off the value of his media giant Meta[/caption] Profits have fallen to £3.8billion from £7.95billion in the same period last year.The news led to Meta shares dropping 20 per cent yesterday — they are dow…

1 year ago·United Kingdom

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News

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1 year ago

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Washington Examiner

Zuckerberg has lost $100 billion in net worth in Meta stock collapse

Meta CEO Mark Zuckerberg saw his personal fortune drop this week as the company's stock dropped in response to an abysmal quarterly report and has now seen his estimated net worth decline by 12 figures.

1 year ago·Washington, United States

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