Thursday, 5 March, 2026
Negative Forecast and Pricey Metaverse Bets Prompt Meta Stock to Crash
By Basit Ansari
<p>Wednesday's estimate by Facebook parent company Meta Platforms Inc of a dismal holiday quarter and significantly higher costs the following year caused a 20% decline in the stock as investors expressed doubts about the company's costly bets on the metaverse. In extended trading, the estimate reduced Meta's stock market value by nearly $67 billion, adding to the more than half a trillion dollars in value that had already been lost this year.</p>
Read full story at Reuters
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