Wednesday, March 22

Meta (Facebook) loses a quarter of its value on the Stock Market after presenting its 2021 accounts

The market capitalization of meta, facebook matrix, It fell more than 26% this Thursday, thus erasing a quarter of the company’s value after the opening of the session on Wall Street, after the multinational presented its 2021 accounts yesterday, disappointing with the projections of income and the evolution of its users.

The titles of Meta came to collapse after the ringing of the bell until the $237.07, 26.6% below the $323 from the close of yesterday’s session, reducing by $239 billion the market capitalization of the company.

Thus, according to the Bloomberg Billionaires Index, Mark Zuckerberg, co-founder and CEO of Meta, as well as one of the company’s largest shareholders, could see his estimated personal fortune dwindle by more than $30 billion , which would mean the second largest known intraday drop in equity, after the cut in $35 billion suffered last November by Elon Musk, founder and CEO of Tesla.

In the last financial year, the company led by Zuckerberg obtained a net profit of $39.37 billion, which is an increase of 35% compared to the earnings recorded in 2020.

On his side, Meta’s revenues in 2021 totaled 117,929 million dollars, 37% more than the previous year, while the expenses and costs of the company increased by 34%, up to 71,176 million dollars.

Between October and December, the profits of the giant of Menlo Park reached the $10.285 million, 8% below the result for the same period in 2020.

Likewise, Meta’s revenues added 33,671 million dollars, 20% more than in the fourth quarter of 2020, while the company’s costs grew by 38%, to 21,086 million dollars.

In the last quarter of 2021, the number of daily active users of Facebook was 1,929 million, which represents an annual increase of 5%, but represents a drop compared to the previous quarter, the first reported by the company.

In turn, the number of active monthly users of the social network increased by 4% annually, to 2,912 million, with a slight advance over the 2,910 million in the third quarter.

In this sense, Mark Zuckerberg He acknowledged in a conference with analysts that “people have many options on how they want to spend their time and applications like TikTok are growing very quickly.”

Also, the CEO and founder of Meta pointed out that the changes introduced by Apple and the new regulation in Europe point to a trend with less data available to offer personalized ads, so the company is rebuilding much of its ad infrastructure.

Looking ahead to the first quarter of 2022, the multinational expects to achieve a turnover of between 27,000 and 29,000 million dollars, which would be equivalent to a year-on-year increase of between 3% and 11%.