Mark Zuckerberg and Facebook have very bad news

Mark Zuckerberg and Facebook have very bad news
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Meta platforms (PURPOSE) it’s not going well. The social media giant, the parent of Facebook, Instagram and WhatsApp, has been sending out alarm bells for months.

It has been dropped from the world’s 10 most valuable companies, and its market capitalization has fallen by about $545 billion this year.

The stock fell nearly 15% in the third quarter to end, causing a $57.5 billion drop in market value from July to September.

Chief executive Mark Zuckerberg, who warned At the end of June, some reports that we were headed for “one of the worst recessions we’ve seen in recent history” indicated that the short-term future of methane was under severe cloud cover and a looming storm.

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