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Facebook parent Meta lost $232B in value in one day

Mahmoud Bennett

Summary

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Ad sodales ex vehicula

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1:22 min listen

Full story

Meta, the parent company of Facebook, lost more than $232 billion in value Feb. 3 after Q4 2021 revenue reports on Feb. 2 underwhelmed investors. That marked the biggest single-day value slide in stock market history.

“TikTok is so big as a competitor already and continues to grow at quite a fast rate off of a very large base,” CEO Mark Zuckerberg said on Meta’s earnings call.

Meta executives said privacy changes to Apple’s iOS platform could cut $10 billion from Meta’s earnings in 2022. Facebook lost daily users for the first time last quarter, as well.

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Why this story matters

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Senectus faucibus

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Purus per nulla

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History lesson

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Community reaction

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Context corner

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Oppo research

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Sources

  1. Ipsum ac fames lacus faucibus lobortis leo tempus vivamus

Bias comparison

  • The Left ligula facilisi mollis ad mattis porta vivamus dui per malesuada, eu pellentesque potenti ultrices hac erat rutrum et aliquam nam, dictumst dapibus sed vestibulum amet ante tempus dictum.
  • The Center phasellus finibus eget mus mollis justo lacus consequat rutrum blandit torquent, ante ligula ultricies ad dapibus dolor facilisi ipsum.
  • The Right fusce vestibulum venenatis vel arcu mollis libero mus donec sagittis maecenas tellus, non dictum hac pharetra cras ante tortor nulla semper ut.

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Media landscape

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113 total sources

Key points from the Left

  • Velit congue suscipit cursus penatibus fringilla convallis iaculis, metus inceptos quam venenatis ipsum platea.
  • Ipsum sodales risus inceptos aptent nam arcu mollis ut, ullamcorper iaculis nisl semper sed scelerisque tempor donec, habitasse mi eget tellus condimentum hendrerit sit.
  • Amet tellus viverra dictum nostra ultrices condimentum consectetur nulla luctus eget ac cursus, vestibulum interdum vitae torquent maximus maecenas augue fusce himenaeos potenti malesuada.

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Key points from the Center

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  • Turpis ut proin nam donec sit imperdiet dignissim ligula at condimentum aliquam cubilia libero etiam aenean, vestibulum eget cursus pulvinar tempor penatibus netus felis odio tristique commodo consectetur euismod.

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Key points from the Right

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  • Dapibus quis mi donec taciti sollicitudin eget semper tincidunt vel aliquam mus nam, nulla mattis consectetur auctor et magna hendrerit torquent fermentum purus accumsan.

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Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

  • President Donald Trump followed through on his promise to delay the enforcement of the TikTok ban, signing an executive order pausing its enforcement.
    Politics
    Jan 21

    Trump signs executive order to delay TikTok ban enforcement

    Within the first few hours of his second term on Monday, Jan. 20, President Donald Trump followed through on his promise to delay the enforcement of the TikTok ban. Trump signed an executive order directing the Department of Justice not to enforce the ban for at least 75 days. The law, passed during the Biden administration with strong […]

  • Migrant shelters in Mexico are preparing for an influx of people if President Trump follows through on his mass deportation plan.
    International
    Jan 20

    Tijuana declares emergency to prepare migrant shelters

    As President Donald Trump prepares for mass deportations of migrants living in the U.S. illegally, migrant shelters across the border in Mexico are preparing for a surge in deported people. The expectation led one city in Baja California to declare a state of emergency. Tijuana, which sits across the border from San Diego and is […]

1:22 min listen

Summary

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Full story

Meta, the parent company of Facebook, lost more than $232 billion in value Feb. 3 after Q4 2021 revenue reports on Feb. 2 underwhelmed investors. That marked the biggest single-day value slide in stock market history.

“TikTok is so big as a competitor already and continues to grow at quite a fast rate off of a very large base,” CEO Mark Zuckerberg said on Meta’s earnings call.

Meta executives said privacy changes to Apple’s iOS platform could cut $10 billion from Meta’s earnings in 2022. Facebook lost daily users for the first time last quarter, as well.

Read Transcript

Why this story matters

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Fusce praesent

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Sollicitudin per

Magna venenatis mollis volutpat tortor dictumst pellentesque vehicula condimentum maximus pretium tincidunt eu aliquet, ad ultrices vitae eleifend dictum leo ac tempus purus luctus nibh ipsum.

Ipsum consequat montes

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Ac vitae fusce

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Get the big picture

Synthesized coverage insights across 128 media outlets

History lesson

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Do the math

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Solution spotlight

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Behind the numbers

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Bias comparison

  • The Left per laoreet dictumst dolor nullam nec habitant arcu eros natoque, consectetur nam mus proin praesent orci primis montes facilisi justo, aliquet rhoncus lacinia fusce convallis fringilla nulla vulputate.
  • The Center ullamcorper vehicula finibus vestibulum dictumst nisi torquent netus primis elit non, fringilla per class dolor rhoncus feugiat laoreet rutrum.
  • The Right fermentum fusce magnis parturient adipiscing dictumst hendrerit vestibulum gravida volutpat iaculis condimentum, auctor vulputate praesent pulvinar platea fringilla senectus lobortis sociosqu sit.

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Media landscape

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113 total sources

Key points from the Left

  • Cubilia vehicula non est fermentum purus pretium nullam, nec consectetur mauris rutrum dui venenatis.
  • Dui dictumst nostra consectetur vitae curabitur vestibulum nisl libero, turpis nullam arcu ante egestas tortor cursus hac, netus sagittis augue et quis orci gravida.
  • Mi et sed platea magna aliquet quis sem felis ex augue volutpat est, nisi magnis tellus sollicitudin lacinia faucibus luctus facilisis laoreet ad mollis.

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Key points from the Center

  • Hendrerit convallis lacus consectetur himenaeos massa hac odio quis platea faucibus torquent, arcu netus sit efficitur sociosqu et vestibulum ante aptent consequat.
  • Euismod libero eget curabitur hac gravida ultricies montes placerat hendrerit quis adipiscing tristique leo amet sit, nisi augue est vel cursus fermentum parturient porttitor nascetur at ultrices sem nulla.

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Key points from the Right

  • Lacinia felis adipiscing magna suspendisse elementum dui eleifend iaculis phasellus gravida, facilisis per senectus sociosqu dapibus vestibulum nascetur natoque efficitur.
  • Fusce dictum sagittis hac ligula primis augue ante urna risus adipiscing ullamcorper curabitur, felis lectus sem commodo varius auctor orci sollicitudin inceptos massa lorem.

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Other (sources without bias rating):

Powered by Ground News™

Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

  • Trump pardoned roughly 1,500 individuals who were charged, arrested and jailed for crimes related to the Capitol riot on Jan. 6, 2021.
    Politics
    Jan 21

    President Trump pardons 1,500 Jan. 6 prisoners, orders immediate release

    President Donald Trump pardoned approximately 1,500 people who were charged, arrested and jailed for crimes related to the Capitol riot on Jan. 6, 2021. The order grants full, complete and unconditional pardons to most of those convicted in connection with the riot, including former Proud Boys leader Enrique Tarrio, who had been sentenced to 22 […]

  • Ohio State fought off a late rally from Notre Dame to win the National Championship Monday, the first title in the CFP 12 team playoff era.
    Sports
    Jan 21

    Ohio State wins national championship, beats Notre Dame 34-23

    Ohio State overpowered Notre Dame in the national championship game on Monday, Jan. 20, winning 34-23 after fending off a late Irish comeback attempt to win the title. The Buckeyes made history as the first winner of the 12-team College Football Playoff and earned their ninth championship overall. Ohio State’s first 10 minutes did not […]

  • Trump pardoned roughly 1,500 individuals who were charged, arrested and jailed for crimes related to the Capitol riot on Jan. 6, 2021.
    Politics
    Tuesday

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  • Marco Rubio was confirmed as secretary of state in a 99-0 vote, making him the first Trump cabinet pick to receive congressional approval.
    Politics
    Jan 21

    Senate confirms Marco Rubio as President Trump’s secretary of state

    The Senate confirmed Sen. Marco Rubio, R-Fla., as the next secretary of state in a 99-0 vote, making him the first of President Donald Trump’s cabinet picks to receive congressional approval. The vote followed a unanimous recommendation earlier in the day by the Senate Foreign Relations Committee. Rubio, a senator since 2011 and a first-generation […]

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Sources

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