Shares of Meta (Facebook) fell 26.4% at the close of Wall Street on Thursday, which probably translates into a loss of almost 200 billion dollars for the company.
The social media giant, which lost users in North America for the first time in its history, reported lower earnings on Wednesday as well as the prospect of slower growth in the first quarter of the year. [BR]The dip comes as the company is trying to make a shift into virtual reality with its "Metaverse" product, as announced by founder Mark Zuckerberg.
(CNA)
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