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March 9, 2026

And More September 19, 2022

Meta Stock Plunges 14%, Reaches Its Lowest Level Since March 2020

And More ı By Rochdi Rais

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Facebook by Meta Inc.
Facebook is on a continuous plunge, although the stock hasn’t been cheap since the pandemic's beginning. After slipping 14% for the week to close at $146.29, shares of Facebook parent Meta are at their lowest point since March 2020, and for a period on Friday, they had sunk even lower. Meta has shed 61% of its value over the past 12 months, by far the most giant slide among Big Tech stocks and more than double the drop in the Nasdaq Composite. After sliding for five straight days, Meta is now trading just 28 cents above its closing price on March 16, 2020, when the early days of Covid-19 sent U.S. stocks through the mayhem. If Meta plunges below $146.01, it will be the lowest since January 2019. That’s when Facebook was struck by the Cambridge Analytica Scandal. Since officially changing its name to Meta last October, the news for CEO Mark Zuckerberg and the company has been almost all bad. Apple’s iOS privacy update made it more difficult for Facebook to target ads, and the increased popularity of social media rival TikTok has drawn users and advertisers away from the app.  In July, Meta said it was expecting a second straight period of declining sales as it reported second-quarter earnings that missed on the top and bottom lines.  

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Rochdi Rais
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Rochdi Rais

Rochdi Rais is the chief content officer and financial and legal writer at USA Herald. He has been writing about finance, law, cryptocurrency and U.S. politics for years with over +4000 articles published during his career.

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