Meta’s share price is currently $146.29 following five straight days of declines. CNBC notes that it’s only 28 cents higher than the closing price on March 16,.
In context: It’s been almost one year since Facebook changed its corporate name to Meta, and life hasn’t been smooth sailing for the company in that time. Just look at Meta’s share price, which has fallen almost as low as in March 2020, when tech stock prices crashed due to the pandemic.
Meta’s share price is currently $146.29 following five straight days of declines. CNBC notes that it’s only 28 cents higher than the closing price on March 16, 2020, the lowest price it hit during the pandemic stock crash.
Arguably Meta/Facebook’s biggest crisis in its history (there have been a lot of them) was the Cambridge Analytica scandal and the resulting fallout—the social media firm last month settled one of the lawsuits brought against it over the incident.
