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The Guardian - US
The Guardian - US
Technology
Kari Paul

Meta investors brace for a difficult quarter after stocks nosedive

Meta Facebook Instagram metaverse TikTok
An image of the 3D-printed logos of Facebook and Meta laid on a keyboard.
Meta lost a record $230bn in market value after a disappointing earnings report in February. Photograph: Dado Ruvić/Reuters

Meta experienced a historic nosedive in value earlier this year amid a major rebrand and shake-ups to its business model – and investors are bracing for another difficult quarter.

Meta lost a record $230bn in market value after a disappointing earnings report in February, in which it revealed Facebook had recorded its first-ever drop in daily user numbers.

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