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ThestralDragon t1_iu5tn1n wrote

Reply to comment by arcademachin3 in Facebook parent Meta's stock plummets after dismal earnings report. by SUPRVLLAN

Its an exaggeration, the apple change affected meta by like 4%(not exactly a killshot), their valuation is in free fall because

Most tech companies are seeing a reduction in their valuation

They're burning Billions in their VR/AR R&D

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arcademachin3 t1_iu5vrvn wrote

FB is uniquely vulnerable to the decline in MAIDs available for mobile advertising. I’m curious where the 4% comes from?

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