Business Alert: Facebook stock drops sharply following first loss of users in its history
| Meta's stock price plummeted nearly 24 percent in trading Thursday, dropping to about $246 per share and wiping more than $200 billion off its market value. The company is facing challenges on multiple fronts, as competitor TikTok booms, federal and international regulators scrutinize its business practices, and it begins a lofty transition to focus on the "metaverse." Facebook also lost daily users for the first time in its 18-year history. |
 |
| | | | Business Alert | Feb. 3, 10:50 a.m. EST | | | | | Meta's stock price plummeted nearly 24 percent in trading Thursday, dropping to about $246 per share and wiping more than $200 billion off its market value. The company is facing challenges on multiple fronts, as competitor TikTok booms, federal and international regulators scrutinize its business practices, and it begins a lofty transition to focus on the "metaverse." Facebook also lost daily users for the first time in its 18-year history. | | | | | |
| |
