Facebook parent Meta Platforms Inc. dropped on Friday, with shares set to enter a bear market after months of volatility triggered by a whistle-blower’s revelations and disappointing quarterly results.
The selloff is more than 20% since its closing record on Sept. 7, erasing about $230 billion in market value. Meta’s stock has been pressured this week as investors grappled with uncertainty surrounding the omicron variant and the possibility that the Federal Reserve will end its pandemic support program sooner than expected. It fell as much as 3.5% to $299.50 on Friday.
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December 03, 2021 at 10:18PM
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What Happened to Meta (FB: Facebook) Stocks in December 2021? - Bloomberg
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