A collapse with many faces for Meta.
It was a rude awakening for Half, with 25% of the value of its shares in a single night. An anomalous collapse that risks becoming the largest in the history of the market, given the 200 billion that went up in smoke.
The new company at the head of Facebook, Instagram, WhatsApp and Oculus, saw the value of one of its shares go from $ 323 to 238.90 within a day, probably as a result of the decline in active users on Facebook communicated by the company. .
Meta wasn’t the only company to have a tough Thursday – the entire Nasdaq stock was down nearly 2%, and rivals Snap and Twitter were also falling. Snap, which is listed on the New York Stock Exchange, was down more than 20% just before 11am ET and Twitter, also on the NYSE, was down about 6%. It would therefore seem a general trend but obviously Meta does not risk anything: it is still a company worth 671 billion dollars, with profits of 40 billion in 2021 alone. It will be interesting to evaluate the trend.
Source: theverge.com
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