Mark Zuckerberg and Facebook Deliver Very Bad News

Meta Platforms  (META)  is not executing perfectly. The social-media large, parent of Fb, Instagram and WhatsApp, has been sending alarming indicators for several months. 

It was ejected from the world’s prime 10 most useful corporations, and this calendar year its industry capitalization has fallen by just about $545 billion. 

In the course of the 3rd quarter, which is about to end, the shares have fallen some 15%, which by by itself translated into a drop of $57.5 billion in sector worth from July by September.

Main Govt Mark Zuckerberg, who warned at the stop of June that we have been headed for the “one particular of the worst downturns that we have noticed in modern historical past,” has just designed some bulletins that advise that Meta’s shorter-time period foreseeable future faces a really serious cloud cover and impending storm.

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