The Largest Market Cap Drop in History

2 years ago
30

Meta, previously known as Facebook, just set a new record for the largest drop in the total value of a company's stock in one day: $240 billion. This was about 26% of their total market cap and share price. So what does this mean? Is this a canary in the coal mine and a sign of what's to come? Or is this just the result of creating bad products that are not in the customer's best interest?

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