Meta shares plunge 23% to the lowest price since 2016

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: Shares of Meta plunged 23% Thursday morning as investors and analysts digested the company’s third-quarter earnings miss and a weak fourth-quarter outlook. Shares were trading under $100 at market open, the lowest price since 2016.

Source: CNBC.com – video report

Date: Oct 27, 2022

Link: https://www.cnbc.com/2022/10/27/meta-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html

Questions for discussion:

  • Why has the stock value dropped so drastically?
  • Do you believe FB is on the decline and other apps will continue to take more advertising revenue?
  • Why is Meta spending so much a part of this story?
  • What would you advise management?

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