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300 Years Of Gyudon
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Meta Erases $251 Billion in Value, Biggest Wipeout in History
Meta Platforms Inc.’s one-day crash now ranks as the worst in stock-market history.
www.bloomberg.com
Looks like the Metaverse wasn't exactly producing golden eggs.Meta Platforms Inc.’s one-day crash now ranks as the worst in stock-market history.
The Facebook parent plunged 26% Thursday on the back of woeful earnings results, and erased about $251.3 billion in market value. That’s the biggest wipeout in market value for any U.S. company ever.
And while the stock could certainly bounce back in coming days, especially given the volatility that’s gripped the technology sector this year, the mood on Wall Street has turned decidedly bleak on the long-time market darling.