“Facebook shares plummet 25% after reporting weak guidance”
February 3, 2022
“Shares of Facebook parent Meta were down more than 25% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users on record.
The stock is on pace for its biggest one-day drop ever, ahead of the 19% plummet it saw in July 2018. Thursday’s drop is set to shave more than $230 billion from its market cap, bringing it to about $665 billion…”
https://www.cnbc.com/2022/02/03/facebook-shares-plummet-22percent-after-reporting-weak-guidance.html
I think facebook is on the decline. It’s already peaked. The fad is over. Now I don’t know if it will go the way of myspace or not but it’s best days are over in my opinion.