Question
Please answer only if 100 sure Q- Last week, Meta reported earnings that lead to a one-day crash now ranks as the worst in stock-market
Please answer only if 100 sure
Q- Last week, Meta reported earnings that lead to a one-day crash now ranks as the worst in stock-market history. The Facebook parent plunged 26% erasing about $251.3 billion in market value. Meta's poor results caught Wall Street off guard as 52 sell side analysts had a BUY recommendation VS. only 2 SELL recommendations. What was the negative news/data that caused the sell off?
Group of answer choices
A) Costs increase due to spending $10B in 2021 on its Reality Labs division
B) Meta expects Apple's privacy policy will cost the firm more than $10B in lost sales for 2022
C) The company lost about a million daily users globally and stagnated in the U.S.
D) All answers are correct
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