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Meta loses nearly $200 billion in value after Mark Zuckerberg announcement
Meta’s share price has fallen almost $200 billion in the wake of an announcement by Mark Zuckerberg.
The company reported its results overnight, which showed higher costs and smaller-than-expected revenues.
The worry about Meta led to falling share price at other social networks.
Snap fell 4.8 per cent, for instance, while Alphabet, Amazon and Microsoft were down between 1.5 per cent and 2.7 per cent.