what happened to facebook stock

by Arlene Vandervort Published 3 years ago Updated 2 years ago

Facebook stock plummets 26% in its biggest one-day drop ever

Shares of Facebook parent Meta plunged Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter.
The company blamed privacy changes to Apple’s iOS and macroeconomic challenges weighing on advertiser budgets.
Other social media stocks were down Thursday following Facebook’s plunge.

Full Answer

Why did stocks bounce back in the final hour?

Feb 03, 2022 · Shares of the company formerly known as Facebook saw a historic plunge Thursday after the social media giant reported a rare profit decline due to a sharp rise in expenses, shaky ad revenue growth, competition from TikTok and fewer daily U.S. users on its flagship platform.

What is Facebook’s business model?

Jul 29, 2021 · What happened Shares of Facebook (NASDAQ: FB) retreated on Thursday after the social media specialist reported second-quarter results and warned of a growth slowdown later this year. As of 3 p.m....

Does Facebook face a permanent change to its business model?

Feb 03, 2022 · Mark Zuckerberg unveiled Facebook was becoming META in October 2021 (AFP via Getty Images) Facebook has crashed more than 25 per cent in the worst one-day slump in the history of the stock market....

Why has Facebook stock gone down?

U.S. stocks fell after disappointing earnings and guidance from Facebook parent Meta Platforms Inc. (FB) raised concerns about growth prospects for technology companies. The social media giant reported a decline in monthly active users (MAU) for the first time ever.Feb 3, 2022

Is Facebook stock a good buy now?

A lower P/E ratio is better since it means you are paying less for a dollar of earnings. So, since Facebook's P/E ratio is lower than that of the S&P 500 and the technology sector, fundamental analysis says that the stock is a relatively good value.Feb 9, 2022

Is Facebook a dying platform?

With two billion log-ins daily, Facebook is still in the race. However, for years now, the use of the Facebook app has been gradually declining. Facebook in its history of 18 years is seeing a fall in its daily users, half a million users stopped using it towards the end of the year 2021.Feb 4, 2022

Is Apple a buy or sell?

The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows

Topline

Shares of Facebook parent Meta fell over 25% on Thursday—erasing over $230 billion in market value for its worst trading session in history—after the company’s dismal quarterly earnings report showed declining users and surging expenses related to the company’s metaverse project.

Key Facts

Shares of Facebook parent Meta Platforms are on pace for their biggest one-day drop ever, falling over 25% and erasing more than $230 billion in market value.

Contra

While Meta’s near-term growth outlook was “disappointing,” 2022 will be a significant year for the company as it ramps up its foray into the metaverse, according to analysts at Bank of America, who maintain a “buy” rating on the stock.

Key Background

Since going public at around a $100 billion valuation in 2012, Facebook has posted share gains every single year except 2018, starting off this year with a market capitalization close to $1 trillion.

What happened

The bad news for Facebook (NASDAQ: FB) just keeps getting worse -- and Facebook stock is down another 4.4% as of 11 a.m. EDT Monday.

So what

By now you're surely familiar with The Wall Street Journal 's " The Facebook Files " project, in which Journal reporters gained access to -- and exposed -- a treasure trove of internal Facebook documents.

Now what

Now comes the political fallout. Last Thursday, Facebook global head of safety Antigone Davis was hauled (virtually) before Congress to address Senators' concerns over the allegations raised by Haugen.

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