Zachary Halaschak reports,
Facebook parent company Meta shed more than $220 billion in market capitalization on Thursday, the largest such single-day decline for a U.S. company in history.
Meta’s stock closed down more than 26% on Thursday, an 85-point decline. The drop was largely driven by a quarterly earnings report that found the company was hemorrhaging daily users for the first time in its history. CEO Mark Zuckerberg personally lost about $24 billion.
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