Meta stock plummets $200b post mark Zuckerberg announcement
It was in such a shocking turn of events that Meta’s financial landscape was jarred to hit the rocks following an announcement made by none other than its very own Chief Executive, Mark Zuckerberg. The fallout was immediately visible, with the company’s shares going down like a ton of bricks, wiping close to $200 billion in market value. This created a financial storm after recently released financial results showed that costs were skyrocketing in comparison to revenues that analysts had expected to be achieved. Most of these costs were accounted for by Meta’s big investments in artificial intelligence (AI). It … Continue reading Meta stock plummets $200b post mark Zuckerberg announcement