Facebook reported its first-ever quarterly decline of daily users globally this week, sending its stock price plummeting by 23 percent in intraday trading on Thursday. The massive drop has wiped out approximately $200 billion in market value for Zuckerberg and his shareholders.
The Verge reports that this week, Facebook reported its first-ever quarterly decline of daily users globally. The company has seen a steady increase in users over the years with very little reason to worry about growth, which made the sudden downturn a shock to many.
Facebook stock dropped by 23 percent in intraday trading on Thursday, wiping at least $200 billion in market value from Mark Zuckerberg and the Masters of the Universe. Facebook (now Meta) reported flat user growth across almost all of its platforms including Facebook, Instagram, and…
