MetaPlatformsmatrix of social networks FacebookWhatts App and Instagram lost $ 234.196 million in market capitalization on the NASDAQ this Thursday, one day after presenting its financial report for the fourth quarter of 2021.
This is the worst drop in the market value of a public company in the history of Wall Street.
With this, the executive president of the firm, Mark Zuckerberglost about $ 30,000 million of his personal fortune.
The decline reduced Meta’s market value to $ 664.311 million, which did not reach its goal of reaching the $ 1 billion level and moving into the exclusive group of Wall Street’s most valuable companies, which include Apple, Microsoft, Amazon and Alphabet.
“$ 200 billion is more than the combined capitalization of 452 S&P 500 companies,” said Gregori Volokhine, president of Meeschaert Financial Services.
Mark Zuckerberg said on Wednesday that earnings are likely to remain under pressure, especially given competition from other social media applications such as TikTok, Business Insider published this Thursday.
According to Bloomberg, the worst intraday to date has occurred market value Apple suffered this, in September 2020 when it lost $ 180,000 million.
On Wednesday Facebook announcement that lost 1 million daily users, something unprecedented for the social network that knew, in its 18 years of existence, to always attract new users.
Reference-www.eleconomista.com.mx