Fb’s Inventory Plunges After Revenue Declines

Fb guardian Meta Platforms Inc. startled traders with a sharper-than-expected decline in income and a dismal outlook in its first earnings report since Chief Government Mark Zuckerberg outlined a pivot to the metaverse.

Meta shares plunged after the outcomes have been introduced, dropping greater than 20%. If shares dropped that a lot when buying and selling opens on Thursday, it might wipe greater than $175 billion from the tech big’s market capitalization.

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