The punishment shows no signs of easing anytime soon. Meta’s stock is down as much as 25% after it spooked investors with ballooning costs to fund its version of virtual reality and a decline in revenue.
Meta was the sixth biggest US company by market capitalisation at the start of the year, flirting with a $1trillion market value. Fast forward 10 months and the stock will be worth about $258 billion, ranking it 26th. Its market value is now smaller than companies including Chevron, Eli Lilly and Procter & Gamble
Bu hikaye The Times of India Hyderabad dergisinin October 28, 2022 sayısından alınmıştır.
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Bu hikaye The Times of India Hyderabad dergisinin October 28, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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