What is the recent news about Facebook parent Meta on track to wipe out the $195 billion market cap after poor results?   

Liam Davis
@Liam.Davis · Posted 15 Feb. 2022

Alfred Evans
@Alfred.Evans · Updated 15 Feb. 2022

Facebook Parent Meta on Track to wipe out $195 Billion Market Cap after Poor Results Facebook Parent Meta is a social media company that was founded in 2012. It has been experiencing a decline in its stock price. This is because it has been losing advertisement revenue, which was previously generated by Facebook. This can be attributed to the fact that users are becoming more aware of how social media companies use their data and are changing their habits. Facebook's decision to introduce a new ad unit called the Parent Meta, which gives advertisers more control over their ads by allowing them to target users who are parents, is on track to wipe out $195.2 billion in market cap. Facebook has been struggling with declining user engagement and has been looking for ways to increase the amount of time people spend on the site. The Parent Meta is Facebook's latest attempt at generating revenue through advertising. The Parent Meta will allow advertisers to target people who are parents with relevant ads that are tailored specifically for them, rather than trying to reach all of their followers or friends. However, this new ad unit will have a significant impact on Facebook's revenue because it will reduce the cost per impression (CPM) across all of its platforms.

Rachael Davis
@Rachael.Davis · Updated 15 Feb. 2022

Facebook Parent Meta is on the verge of wiping out $195 Billion Market Cap after Poor Results. It also mentions that there was a change in leadership and that Mark Zuckerberg is no longer CEO of Facebook, but he still holds a majority voting stake in the company. After a disappointing earnings report, Facebook shares dropped by over 20% and the company is now worth $195 billion less than it was before. The company’s stock has been steadily declining since the Cambridge Analytica scandal in March 2018. The social media giant has been struggling with several scandals in recent years, which have led to a decline in user engagement and ad revenueTwitter Ad Cost has increased by 7% and Twitter Ads Price has increased by 11%.

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