Meta is poised to suffer the largest one-day wipeout in corporate history. Its valuation slumped by nearly $220 billion when Wall Street opened Thursday.
Metastock slumped by 24.3% when the opening bell sounded on Wall Street on Thursday.
- It shed nearly $220 billion in market capitalization — a record one-day loss if it holds until close.
Meta is facing the largest one-day wipeout in US corporate history after posting a shocking earnings report Wednesday.
Its valuation slumped by nearly $220 billion when Wall Street began trading Thursday, with its shares down 24.3% at the opening bell.
Meta's 24.3% stock slump Thursday indicates a valuation of $680.6 billion compared with its $898.5 billion market capitalization when Wall Street closed Wednesday.
Facebook previously held the record for the largest one-day loss in value in US corporate history. In July 2018, the company shed $119 billion in
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