On February 3, Eastern time, the shares of meta (NASDAQ: FB), the parent company of Facebook, fell sharply at the opening. As of the closing of the day, the share price plunged 26.39% to $237.76. The market value of about US $237 billion (about RMB 1.5 trillion) has evaporated, which is equivalent to a Industrial And Commercial Bank Of China Limited(601398) market value lost overnight. After hours, it eased slightly. As of 18:20 EDT, the share price rose slightly by 1.5% compared with the closing.
Red Star capital Bureau noted that previously, meta released its first financial report after renaming “meta universe”. The financial report data showed that meta’s total revenue in the fourth quarter was US $33.671 billion, a year-on-year increase of 20%; The net profit was US $10.285 billion, a year-on-year decrease of 8%. Earnings per share were $3.67, compared with $3.88 a year earlier. The financial report also pointed out that the investment in yuanuniverse is expected to reduce the company’s operating profit by about $10 billion in 2021.
In addition, Facebook’s number of daily users fell quarter on quarter.
