Thursday, February 3, 2022

Meta, formerly Facebook, faces historic drop as stock tanks


Shares in Facebook parent company Meta are in the midst of their worst day ever Thursday after the social media giant reported a rare decline in profit due to a sharp increase in expenses as it invests heavily in its transformation into a virtual reality-based company.

source https://www.seattletimes.com/business/meta-formerly-facebook-faces-historic-drop-as-stock-tanks/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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