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The Latest Breaking News from Meta

Meta fined for second time by watchdog for enforcement order breaches

The fine relates to enforcement orders linked to the Competition and Markets Authority’s investigation into Meta’s proposed takeover of Giphy.

The Independent UK

Meta Slump and Interest Rate Fears Drag Stocks Lower

Meta Slump and Interest Rate Fears Drag Stocks Lower

Stock markets slid Thursday, dragged down by a massive plunge in the shares of Facebook parent company Meta following disappointing earnings, as well as indications central banks may move more aggressively to raise interest rates.

Asharq Al-Awsat

All in a Day: Zuckerberg Loses $29 Bln, Bezos Set to Pocket $20 Bln

All in a Day: Zuckerberg Loses $29 Bln, Bezos Set to Pocket $20 Bln

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings. Meta's stock fell 26%, erasing more than $200 billion in the…

Asharq Al-Awsat

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No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Explained: Why Meta suffered biggest wipeout in history

NEW DELHI: Facebook parent Meta crashed 26 percent in US trading on Thursday on the back of poor earnings results with founder Mark Zuckerberg's wealth plunging by as much as $31 billion in one of the biggest one-day wealth drops ever.

The Times of India

Asian markets shrug off tech-led selloff on Wall Street

Asian markets are mostly higher after a historic plunge in the stock price of Facebook's parent company helped yank other tech stocks lower on Wall Street

The Independent UK

Mark Zuckerberg Just Lost $40B & We’re Feeling Very Tee Hee About The Whole Thing

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Meta's price drop shakes tech's confidence

Meta's price drop shakes tech's confidence

We've forgotten that tech stocks are famously volatile and risky. Now we remember.

Bitcoin Is Once Again Ahead Of Facebook In Market Capitalization After Latter's 26% Plunge

Bitcoin Is Once Again Ahead Of Facebook In Market Capitalization After Latter's 26% Plunge

Bitcoin (CRYPTO: BTC) has surpassed Facebook parent Meta Platforms Inc (NASDAQ: FB) in value once again.

How Much Money Did Mark Zuckerberg Lose Today? He's No Longer A Top 10 Billionaire

How Much Money Did Mark Zuckerberg Lose Today? He's No Longer A Top 10 Billionaire

Facebook co-founder and Meta Platforms (NASDAQ: FB) CEO Mark Zuckerberg had a rough day Thursday as shares fell hard after the company’s quarterly report.

Facebook suffers $230bn wipeout in biggest one-day US stock plunge

Facebook suffers $230bn wipeout in biggest one-day US stock plunge

Shares in parent company Meta fall 26.4% on Thursday, while Mark Zuckerberg’s personal wealth reportedly tumbles by $30bn-plus

The Guardian - US

Five Great Reads: Covid’s human toll, Meta in freefall, Black Francis quizzed

Five Great Reads: Covid’s human toll, Meta in freefall, Black Francis quizzed

Guardian Australia’s weekday wrap of good writing and sensational stories, selected by lifestyle editor Alyx Gorman

The Guardian - AU

Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX higher on late rally

Bank of England raises interest rates to 0.5pc, Meta faces historic market wipeout, ASX higher on late rally

Australian shares close in positive territory after a choppy session. Meanwhile, global equity markets tumble as frightened investors digest disappointing updates from major central banks about the outlook for inflation and interest rates.

Metaverse Cryptos Skyrocket Amid Meta Platforms' Plunge

Metaverse Cryptos Skyrocket Amid Meta Platforms' Plunge

Meta Platforms Inc (NASDAQ: FB) — the metaverse company behind Facebook and Instagram — saw its stock plunge 26% Thursday.

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How Much Will Apple's iOS Privacy Changes Cost Facebook In 2022?

Meta Platforms, Inc.

Metaverse Land Just Sold For $157,800 (60,000 MANA) In Decentraland

What happened: Virtual land tokenized as an NFT just sold for $157,800, which is 12.78x the current floor price of 4.6999 Ethereum (CRYPTO: ETH) ($157,800 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52…

This Plot Of Digital Land Just Sold For $20,994 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $20,994, which is 2.03x the current floor price of 3.94 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

This Plot Of Digital Land Just Sold For $23,618 In ETH In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $23,618, which is 2.28x the current floor price of 3.94 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

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news in one place.

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Metaverse Land Just Sold For $49,047 (18 ETH) In The SandBox

What happened: Virtual land tokenized as an NFT just sold for $49,047, which is 4.74x the current floor price of 3.94 Ether (CRYPTO: ETH). The estate consists of 166,464 plots of land –– each plot is 2,500 square feet in the metaverse.

Why some Australians are paying real money for virtual land in the metaverse

Virtual real estate is booming. So what exactly is it, what are the risks for potential buyers, and who are the Australians taking the plunge?

Can Mark Zuckerberg 'Catch Lightning In A Bottle' Again? Here's Why This Investor Is Avoiding Meta's Stock

Meta Platforms Inc (NASDAQ: FB) is on pace for its worst one-day decline in history following the company's weak earnings results. Ritholtz Wealth Management's Josh Brown thinks there is an even bigger issue at play.

Here's How KeyBanc Views Meta, Snap

KeyBanc analyst Justin Patterson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $280 from $420 (16% upside) and kept an Overweight rating on the shares following quarterly results. The analyst notes measurement headwinds are clearly more significant than envisioned, and estimates reset materially. The positive is that Meta has historically managed these transitions before…

Meta makes history by losing nearly a quarter of its value overnight

Spontaneously losing $210 billion is kind of impressive in a way.

PreMarket Prep Stock Of The Day: Snap Falls With Meta

If you are a shareholder of Snap Inc. (NYSE: SNAP) you are probably wondering why it is getting walloped on Thursday ahead of its fourth-quarter report after the close.

Meta Platforms Crashes On Earnings: What's Next For Facebook's Stock?

Meta Platforms Inc. (NASDAQ: FB) shares are trading significantly lower Thursday after the company reported worse-than-expected fourth-quarter EPS results and issued guidance.

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