Burn it down!
Facebook ( META) stock is down more than 70% for many years and has actually lost $800 billion of its market cap, CNBC reported.
Facebook fell from a 52- week high of $353 per share to $92 per share on Wednesday.
Last summertime Facebook’s market capital was almost $1 trillion dollars and now it is more detailed to $245 billion.
META stock down 70% throughout the years, thanks to CNBC
META-Facebook shares were down more than 24% last Thursday on a weak Q4 projection and profits collapse.
” Meta Platforms Inc. investors are paying a lot for its costs on the metaverse: The Facebook moms and dad’s market price has actually collapsed by a massive $677 billion this year, requiring it out from the ranks of the world’s 20 biggest business.” Bloomberg News reported last Thursday early morning.
Mark Zuckerberg’s fortune took a substantial hit.
” Mark Zuckerberg’s fortune plunged by $11 billion after his Meta Platforms Inc. reported a second-straight quarter of frustrating revenues, bringing his overall wealth loss to more than $100 billion in simply 13 months.” Bloomberg News reported
CNBC’s Jim Cramer advised META stock right prior to it collapsed.
This is the very same man who lied about Bear Stearns prior to it collapsed in 2008.
Cramer kept back crocodile tears as he excused leading individuals off a cliff by suggesting META stock.
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The post Burn it Down! Facebook (META) Stock Down 70% Over the Year appeared initially on The Gateway Pundit
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