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

By
Follow google news

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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Federal chief AI officer roles set to go to existing APS staffers

Federal chief AI officer roles set to go to existing APS staffers

ATO, AFP, AER and Veterans' Affairs get IT modernisation funds

ATO, AFP, AER and Veterans' Affairs get IT modernisation funds

Samsung: 98,000 handsets with triple zero call issues still 'active'

Samsung: 98,000 handsets with triple zero call issues still 'active'

James Cook University augments ServiceNow platform with AI

James Cook University augments ServiceNow platform with AI

Log In

  |  Forgot your password?