Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance
the second-biggest drop ever Steve Muchoki / Coinspeaker : FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings Jody Serrano / Gizmodo : Snap Up, Zuck Down — Snap earned a profi...
Lyft forgoes global expansion in favor of U.S. market domination
Heather Somerville / Mercury News : Tweets: @sbyrnes , @jonrussell and @glennf Tweets: Sean Byrnes / @sbyrnes : “Lyft, by comparison, is worth $2.5 billion and has raised about $1 billion.” Holy Dilu...
Lyft forgoes global expansion in favor of U.S. market domination
SAN FRANCISCO — Lyft has walked back years of promises about a global expansion, and instead the car-booking company is doubling down on the U.S. market, hoping to beat its biggest foe here at home. T...