Thursday, April 25, 2024

Meta loses almost US$200 billion in market value in 24 hours due to forecasts of lower income and higher expenses

Marck Zuckerberg, CEO of big tech, asked Wall Street for "patience" so that it does not abandon its actions, although he reaffirmed that the firm will continue with its advanced technological initiatives that consume a lot of Capex, in a turnaround from the 2023 decision to limit those expenses.

The income flow and capital expenditure forecasts contained in Meta Platforms' financial report for the first quarter of 2024 generated a collapse in the value of the big tech shares.

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Three candidates are in contention to run for the Presidency this Sunday

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