Facebook Stock (Meta Platforms Inc.): Facebook stock is down 28.69% in the last one week. The company almost saw a 26% decline on Thursday, reducing its market cap by about $230 billion.
The biggest reason for this decline is the decrease in the number of daily active users of Facebook. According to the company, this number was 1.93 billion in the 3rd quarter of 2021, which decreased to 1.929 billion in the 4th quarter of 2021.
Apart from this, Apple has made some changes in its policy which will affect the advertising of Facebook. Because of this, Facebook’s sales can decline by about $10 billion.
The company said in the latest quarter’s results that in the next quarter, the company will almost certainly generate revenue between $ 27 billion and $ 29 billion. Whereas many financial analysts were expecting this number to be more than 30 billion.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.