Facebook s Wall Street faceplant could be just the beginning for tech stocks stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Facebook s metaverse division lost more than $10 billion last year, but the company is sticking to its bet and will continue to invest in AR/VR projects.
Shares of Facebook parent Meta Platforms Inc. plunged 26% Thursday in a rout that, in its sheer scale, is unlike anything Wall Street or Silicon Valley has ever seen.