Analysis: shares in parent company Meta fell by 20% after the latest results revealed a first-ever fall in daily users
Mark Zuckerberg’s social media empire felt the full force of investors’ concerns about its growth prospects on Wednesday, as the revelation of Facebook’s first-ever drop in daily users helped trigger a share price rout.
It was the first set of quarterly results for the parent company of Facebook under its new name, Meta. Here are some key points to take away from the figures and why Meta’s stock fell 20% in after-hours trading.
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Analysis: shares in parent company Meta fell by 20% after the latest results revealed a first-ever fall in daily users
Mark Zuckerberg’s social media empire felt the full force of investors’ concerns about its growth prospects on Wednesday, as the revelation of Facebook’s first-ever drop in daily users helped trigger a share price rout.
It was the first set of quarterly results for the parent company of Facebook under its new name, Meta. Here are some key points to take away from the figures and why Meta’s stock fell 20% in after-hours trading. Continue reading…Technology | The Guardian