Facebook Owner Meta (US.FB) Set for $195 Billion Wipeout, Biggest in Market History - 03 februarie 2022

Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion.

At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets have swung wildly in recent weeks, with buy-the-dip traders sometimes storming in during the final hours of the trading day.