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Mark Zuckerberg and Facebook Deliver Very Bad News

Mark Zuckerberg and Facebook Deliver Very Bad News

Meta Platforms  (META)  is not doing well. The social-media giant, parent of Facebook, Instagram and WhatsApp, has been sending alarming signals for several months. 

It was ejected from the world’s top 10 most valuable companies, and this year its market capitalization has fallen by nearly $545 billion. 

During the third quarter, which is about to end, the shares have fallen some 15%, which by itself translated into a drop of $57.5 billion in market value from July through September.

Chief Executive Mark Zuckerberg, who warned at the end of June that we were headed for the “one of the worst downturns that we’ve seen in recent history,” has just made some announcements that suggest that Meta’s short-term future faces a serious cloud cover and impending storm.


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Written by biedex markets

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