Meta Platforms Stock News

Mark Zuckerberg has more than one reason to cover his eyes as Facebook shares suffer a historic selloff in trading Thursday. The Facebook founder’s personal net worth dropped approximately $29.4 billion on Thursday, according to Forbes’ real-time calculations. As of midday, Zuckerberg’s on-paper fortune was estimated to be $85.1 billion, knocking him out of the…

The Senate Judiciary Committee on Thursday overwhelmingly passed a bill aimed at curtailing the market power of Apple Inc.''s and Google parent Alphabet Inc.''s app stores. By a 20-2 vote, the committee pushed along the Open App Markets Act, with only Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., in opposition. It is the second tech competition bill passed by the committee this year. Last month, the panel advanced the American Innovation and Choice Online Act, which would accomplish some of the same goals but is broader and could apply to Amazon.com Inc. and Meta Platforms Inc. as well. Both bills, which go to the full Senate, are intended to help developers led by advocates such as Epic Games Inc., Spotify Technology , and Match Group Inc. . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The Dow moved lower Thursday. A big sell-off in Facebook parent Meta Platforms after earnings hindered the indexes.

Shares of Facebook parent Meta plunged 27 per cent in an epic $322b rout that, in its sheer scale, is unlike anything Wall Street or Silicon Valley has ever seen.

In his Daily Market Notes report to investors, while commenting on stock picking, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Tech Giveth And Taketh Mega tech giveth & taketh away. Last week, Apple Inc (NASDAQ:AAPL)s surprisingly strong earnings lifted the whole market. Today, the reverse is happening with Meta Platforms Inc []

Meta shares lost more than a fifth of its value as the company struggles to retain users, indicating the beginning of the end of an era where a handful of Silicon Valley CEOs controlled the flow of information across online platforms. Registering the first sequential loss of customers in the companys 18-year history, Meta Platforms, []

Retail Investors Are Flooding In To Buy Meta''s Face-plant Dip Years of BTFD instinct don''t go away just like that, and with Facebook plunging the 26%, its biggest drop ever, and also the biggest loss of market cap by any company in US history - putting it in context FB has lost more value today than the market cap of 455 S&P500 members - and after its opening collapse, the retail crew has arrived and according to Fidelity, thousands of retail investors are buying the dip this morning. According to Fidelity , FB was by far the most traded among individual investors using Fidelitys platform, with volumes more than five times that of Tesla, the second-most traded stock according to Bloomberg. The imbalance was 80% in favor of dip buyers, with more than 49k buy orders placed on the platform as of 11:52am, compared to 12k sell orders as of 11:52 a.m. in New York. In context, the staggering amount of buy orders was roughly seven times the demand for Amazon, the second-most bought stock. The flood of retail buying is hardly as surprise, and it represents a continuation of the relentless, if somewhat more subdued, purchases by ordinary investors.

Five superpower companies yes, even Facebook after recent news are completely enmeshed in our world.

In just one day, about a fourth of the Facebook parent company''s market capitalization has evaporated. Here''s what investors should know.

Meta shares sank over 25% after Facebook reported a declining number of active daily users Read Full Article at RT.com

Facebook parent Meta Platforms (FB) is down 25% off Wednesday''s disappointing earnings report - erasing more than $220 billion in market value, the biggest single-day equity wipeout ever.

Meta reported the first-ever quarterly drop in Facebooks daily active users, and the next morning, its stock price dropped by about 25 percent. That $200 billion loss in value may rank as the markets worst single-day drop ever.

Amazon (AMZN) fell 6.10% in morning trading following earnings reports from Meta Platforms and Snap that rattled the e-commerce sector. Read more.

Meta stock a buy? Facebook''s parent just crashed. Are its problems really that bad, or is it a great bargain?

Meta Platforms (FB) disappointing quarterly report and outlook has sent reverberating ripples throughout the exchange traded fund market.