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Tech stock rout widens as Meta sinks after results | Borneo Bulletin Online

CNA – A carnage in United States (US) technology stocks widened yesterday as shares of Meta Platforms sank 20 per cent after the Facebook parent’s costly metaverse bets and the impact of soaring inflation on ad spending spooked investors. Meta was set to lose about USD67 billion in market value, if losses hold through the […] ....

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