Meta Murdered

Over $200 billion evaporated in a few minutes:

Facebook parent company Meta (FB) took a shellacking Thursday morning following its Wednesday Q4 earnings results, amid a miss on earnings per share and a dreadful outlook for Q1.

Investors fled the company’s stock, sending it plummeting more than 20%, it’s largest post-earnings drop ever.

[...] Deep in Meta’s earnings slides, the company revealed that its user growth has slowed to a little more than a trickle. And in the case of daily active Facebook users in particular, the company actually lost 1 million users.

It's down 26%. Option holders must have made an absolute killing today.

After markets closed, Meta became number one with an unwanted record:

Facebook parent company Meta shed more than $220 billion in market capitalization on Thursday, the largest such single-day decline for a U.S. company in history.

Meta’s stock closed down more than 26% on Thursday, an 85-point decline. The drop was largely driven by a quarterly earnings report that found the company was hemorrhaging daily users for the first time in its history. CEO Mark Zuckerberg personally lost about $24 billion.