El Meta's stock price, which is the parent company that encompasses Facebook, WhatsApp, Instagram and Meta Quest; It has fallen more than 25% of its value with respect to the previous day's close. This happens shortly after it was revealed the first sequential decline in daily active users in Facebook history, which indicates a decrease in interest in the social network, which is one of the main pillars of the company.
After closing at $323 on Wednesday, shares of Meta fell as low as $238,90 before recovering slightly. With respect to its initial value, it means that Meta has lost the 200.000 million dollars in valuation, in one day, and because people no longer go through Facebook so much as a daily ritual.
Facebook is no longer so interesting and makes Meta fall
The Bloomberg portal reports that the $200.000 billion crash it may be the biggest one-day drop in market value in history. Meta has been fighting its decline in relevance among young people for years and its CEO, Mark Zuckerberg, is refocusing its goals and plans related to the metaverses.
The entire Nasdaq stock was down nearly 2% by midday, with rivals Snap and Twitter also trading lower. Snap, listed on the New York Stock Exchange, was down more than 20% shortly before 11 a.m. ET, and Twitter, also listed on the New York Stock Exchange, was down about 6%. These are more common price swings, but the Meta swing is one too strong to be common in stock price fluctuations.
Meta is still worth a few 671.000 million, reporting more than $40.000 billion in profit for 2021. Meta is still very profitable, but investor expectations were much higher than expected, and the decline in daily Facebook users could deepen and be part of a decline. in significant income.
Source: The Verge
