Facebook owner Meta takes $200bn share hit as it warns of ad revenue threats

Facebook’s parent company, Meta, has seen over a fifth of its market value erased in after-hours trading after financial results disappointed on several key measures and it warned current quarter revenues would fall short.

The US tech giant, which also includes Instagram in its stable of social media platforms, said it had been informed by advertisers that surging inflation and supply chain disruption were damaging their budgets.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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