Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Burn it Down! Facebook (META) Stock Down 70% Over the Year

by November 2, 2022
November 2, 2022
Burn it Down! Facebook (META) Stock Down 70% Over the Year

Burn it down!

Facebook (META) stock is down more than 70% over the year and has lost $800 billion of its market cap, CNBC reported.

Facebook fell from a 52-week high of $353 per share to $92 per share on Wednesday.

Last summer Facebook’s market capital was nearly $1 trillion dollars and now it is closer to $245 billion.

META stock down 70% over the year, courtesy of CNBC

META-Facebook shares were down more than 24% last Thursday on a weak Q4 forecast and earnings collapse.

“Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping $677 billion this year, forcing it out from the ranks of the world’s 20 largest companies.” Bloomberg News reported last Thursday morning.

Mark Zuckerberg’s fortune took a huge hit.

“Mark Zuckerberg’s fortune plunged by $11 billion after his Meta Platforms Inc. reported a second-straight quarter of disappointing earnings, bringing his total wealth loss to more than $100 billion in just 13 months.” Bloomberg News reported.

CNBC’s Jim Cramer recommended META stock right before it collapsed.

This is the same guy who lied about Bear Stearns before it collapsed in 2008.

Cramer held back crocodile tears as he apologized for leading people off a cliff by recommending META stock.

VIDEO:

The post Burn it Down! Facebook (META) Stock Down 70% Over the Year appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Aston Martin shares slide 15% as it struggles to source car parts
next post
BREAKING: Dr. Fauci Will Be Deposed on November 23rd in Missouri-Louisiana Social Media Collusion Case with Gateway Pundit’s Jim Hoft as Plaintiff

You may also like

Ramaswamy campaign hauls in $7.4M during the past...

October 16, 2023

White House confirms Zelenskyy’s travel to US ahead...

December 21, 2022

Supreme Court Chief Justice Roberts reins in Sotomayor...

May 15, 2025

Patel, Gabbard to appear before Senate committees next...

January 24, 2025

North Carolina House advances ban on COVID-19 vaccine...

March 22, 2023

Iran issues chilling threat against Israel as Hezbollah...

August 5, 2024

Marjorie Taylor Greene renews push to censure Rashida...

November 5, 2023

Biden admin authorizes billions of dollars in bombs,...

March 30, 2024

Netanyahu rejects Hamas cease-fire deal, says ‘complete victory’...

February 8, 2024

The Stadium Curse – ‘FTX Arena’ Joins the...

December 15, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Israel launches sweeping strike on Iran while Trump administration seeks diplomatic solution

      June 13, 2025
    • ‘Killed off Elmo’: Jeffries brings along stuffed friend for stunt on House floor

      June 13, 2025
    • RRG Update: Is Tech Ready to Break Out?

      June 13, 2025
    • ‘Fully justified’: Graham plows ahead with Trump border funding despite Paul’s objections

      June 12, 2025
    • Mike Lawler tells NY Dem to ‘f— off’ after chaos ignites on House floor

      June 12, 2025
    • White House takes interest in proposed Russian sanctions as Ukraine War peace talks drag on

      June 12, 2025

    Categories

    • Business (8,200)
    • Investing (2,031)
    • Politics (15,625)
    • Stocks (3,144)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved