Meta’s tumble in share price on Thursday was the market’s reaction to news that a slowdown in digital advertising, new security protocols on Apple devices and a bet on the metaverse have all hurt the Facebook parent’s bottom line. In particular, investors have criticized Meta CEO Mark Zuckerberg, seen here, for spending big on the metaverse. Michael Nagle/Bloomberg via Getty Images
Michael Nagle/Bloomberg via Getty Images
Facebook parent company Meta’s stock plummeted on Thursday, following its announcement of a dismal third quarter.
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