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Meta suffers biggest one-day market wipeout in US history with $322bn loss

By Danilo Masoni, Akash Sriram and Noel Randewich

Feb 4 2022 11:53AM

Share price collapse shakes world tech stocks.

Meta suffers biggest one-day market wipeout in US history with $322bn loss

Shares of Facebook owner Meta plummeted 26 percent on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blaming Apple's privacy changes and increased competition. The huge drop, erasing more than US$230 billion ...

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