“It’s Like Working For Dr. Evil”: Facebook’s Stock Crash Is a Long Time Coming

Facebook, or Meta, or whatever you want to call it, has broken a lot of records over the years. In 2012, the company became the first social network to reach 1 billion users. A few years before that, in 2008, its founder, Mark Zuckerberg, then 23, became the world’s youngest self-made billionaire. Now the company and its founder get to add one more record to their résumé: The company’s stock opened down more than 24% on Thursday after a disastrous earnings call, which erased roughly $200 billion from Meta’s market cap, which is, according to Bloomberg, the biggest loss of… Read Full Article