Meta Stocks Have Dropped Big

Shares of Meta have fallen sharply this week. Shares of the company reached their lowest level since the fall in March 2020. Shares are trading just 28 cents above the closing price in the early days of the pandemic.

Facebook’s parent company Meta, had experienced a huge drop in its shares in the past months. After these declines, the giant company regressed to the bottom of the list of the most valuable companies in the world. Even the company now top 10 companies was not among them.

The economic crisis experienced after the pandemic period continues to affect giant companies. In the past months, analysts Meta’s decline in income He had predicted it would happen. Also, the company second quarter earnings The results were below expectations. The company, which experienced a decline in its shares due to these situations, closed last week in a shocking way.

Meta dev have a hard time fighting against opponents

In recent months, economists have argued that Meta’s the shaky process at the point of online advertising, Apple’s iOS privacy update He explained that it was quite difficult for him to continue to struggle with such a challenging environment. As well as meta, ad and privacy issues TikTok It continues to compete with social media platforms such as

The company is also an augmented reality project. metaverse It continues to spend millions of dollars on The Metaverse project is an ‘exaggeration’ for many experts and even some of the company’s employees. The company’s focus of most of its investment and workforce on the Metaverse is having a negative impact in many ways.

In addition to the economic crisis in the technology sector, the company suffered a great loss of share in the war against giant rivals. This year market value almost half of Some of the analysts who predicted the losing Meta were concerned about the company’s long-term growth. optimistic takes a stand. However, some analysts are concerned about the company’s growth and profit in this challenging environment. leery is behaving.

The company’s shares approached pandemic-era levels

meta stock

The company was known to be in a downward trend since the pandemic period. However, the shares of Meta, which is expected to start to recover, fell to levels that shocked investors last week. The company’s shares this week down 14% seen during the pandemic approached the lowest levels.

the week at $146.29 Shares closed down to the lowest level since March 2020. This decline Big Tech between the shares biggest drop and the Nasdaq Composite more than doubled the decline. Shares of the company during the year from 60% overvalued it happened.

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The shares, which have been falling for five days in a row, are very close to the decline experienced in the first days of Covid-19. Share prices on March 16, 2020 are only 28 youstocks traded on t, 146.01 your dollar If it falls below, it will hit the lowest level seen since January 2019.

Source :
https://www.cnbc.com/2022/09/16/meta-shares-plunged-14percent-this-week-falling-close-to-their-pandemic-low.html


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