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Facebook Sheds $230B In Market Value, Stock Market Record – Update
UPDATED with closing price: Facebook shares closed down 26.4% in a market rout, knocking a record $230 billion off the company’s market cap.
PREVIOUSLY: A plunge in shares of Facebook parent Meta Platforms Facebook has erased more than than $200 billion of its market value, one of Wall Street's steepest dips…
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5 Comments Comment on Facebook Sheds $230B In Market Value, Stock Market Record – Update
Facebook Hits 2.91 Billion Monthly Active Users In Q3; Earnings, Outlook Mixed Amid Advertising Headwinds
Facebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed financial results and a revenue outlook for the current fourth quarter that was below expectations.
Revenue of $29 billion for the September quarter was up 35% from the year before but below Wall Street…
Roku, Snap & Facebook Break Out As Stock Markets Keep Cruising
Three tech stocks — Snap Inc., Roku and Facebook — posted especially strong gains as broader markets staged a more modest rally to close the week on a high note.
A stellar earnings report after the close of trading on Thursday propelled Snap up 24% to a new record high of $77.97. Trading volume was more than five…
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By Dade Hayes
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Twitter, Tech Stocks Drag Market Down As Shares Close Out Worst Week Since March
UPDATED with market close: Stocks plunged Friday as the market posted its worst week since March. The Dow Jones Industrial Average fell 157 points, or 0.59%, but the S&P 500 and the tech-heavy Nasdaq were lower, respectively, by 1.21% and a hefty 2.45%. Tech dragged shares lower, with Twitter the biggest loser, ended…
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