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From the economic meltdown – 12 May, 2022

From the economic meltdown – 12 May, 2022

Gasoline Prices to Explode Higher After Biden Admin Cancels Huge Alaska Oil and Gas Lease The Biden administration has canceled one of the most high-profile oil and gas lease sales which was pending before the Department of the Interior, at a time when Americans are suffering from record-high prices at the pump. According to AAA’s gas price calculator, average gas prices in the US have hit record highs in recent days – with the national average reaching $4.374 on Tuesday,…

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Meta Faces Historic Stock Rout After Facebook Growth Stalled

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…

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