Mark Zuckerberg and Facebook deliver very bad news

Mark Zuckerberg and Facebook deliver very bad news

Metaplatforms (META) does not go well. The social media giant, parent of Facebook, Instagram and WhatsApp, has been sending alarming signals for several months.

It was ejected from the top 10 most valuable companies in the world, and this year its market capitalization fell by nearly $545 billion.

In the third quarter, which is about to end, stocks fell about 15%, which alone translated into a $57.5 billion decline in market value. from July to September.

Chief Executive Mark Zuckerberg, who warned in late June that we were headed for “one of the worst downturns we’ve seen in recent history,” just made announcements that suggest Meta’s short-term future faces severe cloud cover and impending storm.

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