[BUSINESS] Meta the parent company of Facebook is being sued £2.3bn

[chilli.domains]

The number of millionaires that came from buying FB stock is incredible.

[DanielGrola]

From https://www.theverge.com/2022/2/3/22916 ... ory-invest
"The price of shares in Meta — the parent company of Facebook, WhatsApp, Instagram, and Meta Quest (fka Oculus) — dropped more than 25 percent at the start of trading on Thursday, after it revealed its first-ever sequential decline in Facebook’s daily active users. By the time the markets closed, the company had seen $230 billion in market value wiped out, the biggest one-day loss ever by a US company."


People must have been crying on that day

[blingman]

Mark Zuckerberg might have to step down, let someone else run the company if things do not turn around real fast.

[gspotman]

How is this going to help the stock price


https://www.euronews.com/next/2022/02/0 ... fer-issues


"Facebook and Instagram may be shut down across Europe, parent company Meta has said.

The issue comes down to European data regulations that prevent Meta, the company formerly known as Facebook, from transferring, storing and processing Europeans’ data on US-based servers."

[fetishnews]

Was the Meta universe idea a mistake , and was it part of the reason for the stock crash?

[TheButcher]

Was the Meta universe idea a mistake , and was it part of the reason for the stock crash?

I doubt it was the only reason.

[workman]

In the end Facebook is going to be split up into 2 companies, this is what I see happening.

[misterporn]

In the end Facebook is going to be split up into 2 companies, this is what I see happening.

Stock holders will have a say before that happens

[dom_trev]

Half the people in the world would lose their minds if Facebook closed up tomorrow

[Luke]

Facebook will never become irrelevant.

[antisocial]

was there even social media 50 years ago, fuck it we did and will survive without social sites.

[Emil]

Facebook is not even going to flinch for this amount of dollars