Meta on Track to Hit Levels Last Seen Before Historic Crash
This article is for subscribers only.
Meta Platforms Inc. is back.
Nearly 18 months after setting the record for the biggest market value wipeout in stock-market history, Meta’s shares are on pace to claiming those levels. The Facebook and Instagram parent lost $251 billion in a single day in February last year as it flagged slowing revenue growth due to stiff competition, which triggered a rolling rout that haunted the stock for most of 2022.