Mike Milligan walks through two 2022 market shocks: Meta lost $230 billion in a day after reporting its first decline in daily active users, and Netflix dropped 35% when it reported 200,000 lost subscribers for the first time in over a decade.
Let me walk you through 5 other days like yesterday when the market was flat to up and one big American company had its own private earthquake. The date, February 3rd, 2022. The company, Meta Platforms. Facebook's parent company reported its first-ever quarterly decline in daily active users. The stock fell roughly 26%. In one day, market cap wiped out $230 billion. At the time, that was the single largest day dollar loss of any U.S. company in history. The year again, 2022, but on April 20th. The company, Netflix. Netflix reported it had lost 200,000 subscribers in the first quarter, its first decline in more than a decade. The stock fell 35%, roughly $54 billion of market cap gone.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
