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The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

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The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies Read More »

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 887 points (or 2.7%) to 31,494, with all 30 components …

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value Read More »

Biden has finalized his plan to rein in Big Tech.  Big Tech was not invited.

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited.

President Joe Biden’s administration released a checklist of actions needed to rein in Big Tech on Thursday, following a roundtable “listening session” on issues in the tech industry. But administration officials weren’t “listening” to companies that are the target of many desired actions – Google’s parent company Alphabet Inc. GOOGL, +2.09% GOOG, +2.16%, Amazon.com Inc. …

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited. Read More »