UK Business

Why Meta's share price collapse is good news for the future of social media

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around $80 billion (£69 billion) in just one day at the end of October, after its third-quarter profits halved amid...

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