Facebook parent Meta shares down 22% in after-hours plunge

Facebook parent Meta shares down 22% in after-hours plunge

2 years ago
Anonymous $CLERCuPQwa

https://www.siliconvalley.com/2022/02/02/facebook-parent-meta-shares-down-22-in-after-hours-plunge/

By Barbara Ortutay | Associated Press

Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit.

Facebook parent Meta shares down 22% in after-hours plunge

Feb 2, 2022, 11:43pm UTC
https://www.siliconvalley.com/2022/02/02/facebook-parent-meta-shares-down-22-in-after-hours-plunge/ > By Barbara Ortutay | Associated Press > Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit.