Meta sheds $220B in market cap, VR unit hits $73B in cumulative losses

5 hours ago 1
Meta European head office

Derick Hudson

Class A shares of Meta Platforms (META) on Thursday slumped as much as -13.5% to $650.25, after the Facebook parent booked a nearly $16B one-time income tax charge in its quarterly results. At that session low, the stock had lost more than $220B in

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