Meta investors brace for a difficult quarter after stocks nosedive
by Kari Paul from Technology | The Guardian on (#5YG29)
After losing a record $230bn in market value due to a disappointing earnings report in February, analysts are hoping to see progress
Meta experienced a historic nosedive in value earlier this year amid a major rebrand and shake-ups to its business model - and investors are bracing for another difficult quarter.
Meta lost a record $230bn in market value after a disappointing earnings report in February, in which it revealed Facebook had recorded its first-ever drop in daily user numbers.
Continue reading...