{"id":4625,"date":"2022-02-03T23:36:16","date_gmt":"2022-02-03T22:36:16","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/02\/03\/facebook-suffers-230bn-wipeout-in-biggest-one-day-us-stock-plunge\/"},"modified":"2022-02-03T23:36:16","modified_gmt":"2022-02-03T22:36:16","slug":"facebook-suffers-230bn-wipeout-in-biggest-one-day-us-stock-plunge","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/02\/03\/facebook-suffers-230bn-wipeout-in-biggest-one-day-us-stock-plunge\/","title":{"rendered":"Facebook suffers $230bn wipeout in biggest one-day US stock plunge"},"content":{"rendered":"<ul>\n<li>Shares in parent company Meta fall 26.4% on Thursday<\/li>\n<li>Mark Zuckerberg\u2019s personal wealth tumbles by $30bn-plus<\/li>\n<\/ul>\n<p>A historic plunge in the stock price of Facebook\u2019s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company.<\/p>\n<p>The 26.4% wipeout in Meta comes amid concerns about its future after the company reported its first ever drop in daily user numbers in its Wednesday earnings report. Facebook rebranded to Meta last year as part of its strategic pivot to becoming a virtual-reality based company.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/feb\/03\/facebook-stock-shares-meta-mark-zuckerberg\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/fe23a3a21b2a500e6ce9cea9eae78c4ee8dc9277\/0_23_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7120e80624707d49224713f9b27e0e81\" title=\"Facebook suffers $230bn wipeout in biggest one-day US stock plunge\" \/>Shares in parent company Meta fall 26.4% on Thursday<br \/>\nMark Zuckerberg\u2019s personal wealth tumbles by $30bn-plus<\/p>\n<p>A historic plunge in the stock price of Facebook\u2019s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company.<br \/>\nThe 26.4% wipeout in Meta comes amid concerns about its future after the company reported its first ever drop in daily user numbers in its Wednesday earnings report. Facebook rebranded to Meta last year as part of its strategic pivot to becoming a virtual-reality based company. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in parent company Meta fall 26.4% on Thursday Mark Zuckerberg\u2019s personal wealth tumbles by $30bn-plus A historic plunge in the stock price of Facebook\u2019s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company. The 26.4% wipeout in Meta comes amid concerns &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/02\/03\/facebook-suffers-230bn-wipeout-in-biggest-one-day-us-stock-plunge\/\"> <span class=\"screen-reader-text\">Facebook suffers $230bn wipeout in biggest one-day US stock plunge<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":4626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4625"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4625"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4626"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4625"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}