Peter Thiel, Meta independent director (12,947 shares): $3 million from $4.2 million.įacebook faces 'unprecedented' competitionĭuring Wednesday's earnings report, Meta reported that Facebook's daily active users had fallen for the first time: 1.929 billion daily active users compared to 1.93 billion in the previous quarter. Marc Andreessen, Meta independent director (44,434 shares): $10.6 million from $14.4 million. North Carolina Department of State Treasurer (1 million): 237.8 million from $323 million. Sheryl Sandberg, Meta COO (1.42 million shares): $337.6 million from $458.7 million. New York State Common Retirement Fund (5.47 million): $1.3 billion from $1.77 billion. UBS Asset Management (20 million shares): about $4.8 billion from about $6.5 billion.įisher Investments (7.6 million shares): about $1.8 billion from about $2.5 billionĬalifornia Public Employees Retirement System (5.7 million): $1.36 billion from $1.8 billion. (Capitol Group/American Funds nearly 137 million shares): about $44.3 billion from about $32.6 billionįMR LLC (Fidelity Investments 123.8 million shares): about $29.4 billion from about $40 billion. The Vanguard Group, which holds 182.9 million shares,, saw its value drop to about $43.5 billion from $59 billion.īlackRock (nearly 155.9 million shares): down to $37.1 billion from about $50.4 billion.Ĭapital Research and Management Co. Shares of Meta, which will change its trading symbol on Nasdaq from "FB" to "META" in the first half of this year, are down nearly 30% so far this year. The stock price was up more than 1% in aftermarket trading to $240.60. Meta Platforms' shares closed Thursday at $237.76, down about 26%. STOCKS SLIDE: Facebook parent company Meta plunges, other tech stocks also stumbleįACEBOOK: Network is losing users for the first time ever and shares in Meta have fallen off a cliff company to achieve a market value surpassing $1 trillion – the others being Apple, Microsoft, Amazon and Google parent Alphabet. Last summer, when the company was still known as Facebook, the company became only the fifth U.S. history, The Wall Street Journal reported. The loss is the largest one-day decline in U.S. The company's market cap had been $898.5 billion early Thursday. Meta's market value fell more than $230 billion to a market capitalization of about $661 billion. Shares of the social media giant were down more than 26% Thursday, the first day of trading after Meta reported a decline in profit and users during the last three months of 2021 – and most tellingly, forecast revenue declines in the current quarter. Facebook's parent company, Meta Platforms, just did a face plant on Wall Street.
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