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Shares of Facebook parent Meta plunge more than 25 per cent, shaving US$200 billion off market cap
The technology giant late Wednesday had reported weaker-than-expected profits following a loss of one million daily users globally on its signature platform.
The dramatic sell-off is the latest to confront a big tech firm after a similar liquidation of Netflix shares last month. Other tech giants such as Apple and Google parent Alphabet have rallied after results.