February 2022 Update - A day in the market
Yesterday was an interesting day in the stock market. Meta Platforms, the company formerly known as Facebook, reported mixed financial results, with user base growth slowing to a crawl and revenue projected to be lower than expected. As a result, the stock lost 25% in one day. That’s $200 billion USD, the equivalent of McDonald’s worth, erased. Meanwhile, Amazon jumped today by almost the same dollar amount. It’s hard to imagine such huge and widely followed companies being r