![]() ![]() ![]() “In future years we will probably look back at 2023 as the sentiment shift for META shares,” Barclays Plc analyst Ross Sandler wrote in a note, raising the price target to $260 from $165. The social media giant is adding about $90 billion to its market cap, its biggest ever single-session market value gain, according to data compiled by Bloomberg. Thursday’s gains help the company add about $260 billion in market value since its November low, cementing its place as the best-performing stock on the S&P 500 Index in the last three months. The advance comes almost a year to the day since Meta posted the worst one-day crash in stock market history. On Thursday, Meta's market value sank to 268 billion, down from more than 1 trillion in September of 2021. The Dow average added 82.05 points, or 0. Meta's plunge translates into an eye-popping loss of about 700 billion in market value. Analysts welcomed the move, with at least three brokerages upgrading their recommendations on the stock after the earnings report. Meta shares rose as much as 8. The Dow Jones Industrial Average closed higher Wednesday, notching its best winning streak since 1987. company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy changes and increased competition. The latest rally comes after Chief Executive Officer Mark Zuckerberg pledged Wednesday to make the social media company leaner. ETtech Shares of Facebook owner Meta plummeted 26 on Thursday, the biggest single-day slide in market value for a U.S. "On a total company basis, including metaverse investments, our valuation reflects a discount to S&P 500, given decelerating topline growth, increasing competition for user attention & advertising dollars, and large Metaverse investments pressuring earnings," BofA maintained.The Facebook owner’s stock surged as much as 26%, its biggest intraday jump in nearly a decade, to help it briefly trade over $500 billion in market capitalization. 792B (-1.45) -4.54 Current Price The social media giant turned metaverse pioneer has seen its stock price fall substantially since reporting third-quarter results. This was a direct reaction to a poor earnings report, a stagnating user. Why it matters: Zuckerberg is one of the few public company CEOs who can't be fired, given his outsized voting power. Metas shares plunged about 26 percent on Thursday, erasing 250 billion - over a quarter of the companys market value. ![]() In a Thursday note, Bank of America cut Meta's price target from $150 to $136, with analysts citing further deceleration in ad revenue, lofty metaverse investments that are seemingly permanent, and uncertainty around the company's transition to reels. Illustration: Annelise Capossela/Axios Meta's st0ck is in free fall as investors grow terrified that Mark Zuckerberg's increasingly costly bet on the metaverse will come up empty. The slump wiped more than $65 billion off Meta's market capitalization, which has fallen by more than half a trillion dollars this year alone. Meta shares fell as low as $97.36 on Thursday, down 25% from Wednesday's closing price. A stock market crash is a social phenomenon where external. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling. They often follow speculation and economic bubbles. On this week's episode of IDEA GENERATION, Scooter Braun takes us on a journey from his days as a college dropout and party promoter in Atlanta, to becoming one of the most successful music executives on the planet. Crashes are driven by panic selling and underlying economic factors. The share price slide is also chipping a chunk off CEO Mark Zuckerberg's rapidly shrinking fortune. A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Wall Street has been hammering the shares of Meta Platforms after the company reported its second straight quarterly revenue decline after the market close Wednesday. Facebook Founder Mark Zuckerberg Loses About 30 Billion in Wealth After Meta Stock Crash, Though Musk Still Holds the Record for Single-Day Loss Vance Cariaga Februat 8:06 AM 2 min. The initial roots of Zuckerbergs obsession with the metaverse were planted in 2013 when Facebook purchased virtual reality (VR) gear maker Oculus.In this vi. ![]()
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