Facebook Parent Meta’s Stock Plunges, Loses More Than $200 Billion in Value

Shares of Facebook FB -26.17% parent Meta Platforms Inc. plunged Thursday, wiping more than $200 billion from the technology giant’s market value, a loss that would be the biggest one-day decline in U.S. history.

The company startled investors late Wednesday with a sharper-than-expected decline in profit and a gloomy outlook, pulling its shares down 25% to recently trade around $242.80.