Meta Faces Historic Stock Rout After Facebook Growth Stalled
Shares of Facebook parent Meta Platforms Inc. plunged 27% in an epic rout that, in its sheer scale, is unlike anything Wall Street or Silicon Valley has ever seen. Bloomberg, 3 February, 2022 Facebook Owner Meta Set for $200 Billion Wipeout, Biggest in Market History The catalyst was startling news that for the first time ever, Facebook’s user growth seems to have hit a ceiling and its momentum is stalling. Thursday’s collapse wiped out more than $230 billion of market value…