Tag: metaverse

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Shares of Facebook Parent Company Meta Plummets 26% in Biggest One-Day Drop Ever

Fiercer competition from other social networking platforms such as TikTok, the huge investments and the risk involved in turning to the so-called metaverse and Apple’s new privacy policy are the three main reasons for the shock results and financial forecasts of Meta, causing the unprecedented fall of its shares on the stock exchange – more or less equivalent in value to the GDP of Greece.