The Five Reasons Behind Facebook’s Dizzying Fall on Wall Street
#4: Instagram has to chase TikTok, which is much more popular among young people.
This is unprecedented in the history of Wall Street. After the publication of its quarterly results for the last quarter of 2021, Facebook lost 210 billion dollars of market cap in a single session. An unenviable record that Mark Zuckerberg's firm could have done without.
If Mark Zuckerberg's firm is still largely profitable, with a turnover of $40 billi…
Keep reading with a 7-day free trial
Subscribe to Sylvain Saurel’s Newsletter to keep reading this post and get 7 days of free access to the full post archives.