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Futurism

Meta Shares Plunge 24% To Lowest Price Since 2016

View Source | October 27, 2022 11:17 am

  • The parent company of Facebook reported its second straight quarterly decline.
  • Meta’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.
  • Morgan Stanley, Cowen and KeyBanc downgraded Meta on Thursday, citing increased spending.

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