Stock Groups

Meta Platforms’ Frankfurt-listed shares drop on tepid forecast -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO A man poses in front of the Meta sign at Menlo Park’s headquarters, California. It was placed on October 28th, 2021. REUTERS/Carlos Barria/File Photo

(Reuters). NASDAQ: Facebook’s owner Meta Platforms Inc’s Frankfurt listed shares fell more than 20% after a Nasdaq slide. This was following a forecast by the company that blamed Apple (NASDAQ.) for privacy breaches and increased competition.

Technology giant reported that daily active users fell by 1% in the last quarter. This is the result of a competition with TikTok and other video-sharing platforms owned by China’s ByteDance.

As of 0717 GMT, low volume, shares in Frankfurt were at 226,45 euros (down 20.4%).

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses as a result.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]