Meta has Lost over US $ 230 B in Market Value

Facebook parent Meta dropped with shares set to a enter bear market after months of volatility triggered by a whistle-blower’s revelations and disappointing quarterly results.

The selloff is now more than 20% since its closing record on Sept. 7, erasing over $230 billion in market value. Meta’s stock has been pressured this week as investors grappled with uncertainty surrounding the omicron variant and the possibility that the Federal Reserve will end its pandemic support program sooner than expected.