To truly capture the turmoil, we need to dig into the numbers that are spooking investors.
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The one-day crash wiped over $200 billion off Metas valuation.
Thats the biggest-ever collapse in market value for a US company.
Thats a troubling sign for Facebooks plans to expand beyond its main markets.
This comes as no surprise to Mark Zuckerberg, however.
The new feature lets iOS users stop apps from tracking them across the web.
Thats bad news for Metas business, as it makes ad targeting less effective.
Around $29 billion was wiped off his net worth when the share price collapsed.
But stash your tears, my dears.
Theres also still life left in Zuckerbergs baby.
Meta was expecting early losses from the metaverse investment.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
