Meta – Maternal Facebook and Instagram company – in late bidding lost about $ 200 billion after the publication of quarterly results, the company’s shares fell by more than 20%. Reports about it Financial Times.
Such a reaction of investors is due to the fact that although the company’s sales fulfilled market expectations and reached $ 33.7 billion, Meta could not justify the forecasts of profitability and number of active users. The company earned only $ 10.3 billion against the expected $ 11 billion
At the same time, the company for the first time in its history reported on reducing the number of day active users from 1.93 billion people to 1.929 billion people. For the month, the indicator stopped at 2.95 billion people, which raises the question of which the future of Meta will be. Statistics are due to the loss of the youngest part of the audience of the META social networks.
It is noted that if the shares are not resumed at the main session, Meta may experience the greatest fall since it has become public in 2012.