{"id":82736,"date":"2022-10-03T00:45:28","date_gmt":"2022-10-03T04:45:28","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82736"},"modified":"2022-10-03T00:50:43","modified_gmt":"2022-10-03T04:50:43","slug":"facebook-scrambles-to-escape-stocks-death-spiral-as-users-flee-sales-drop","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/facebook-scrambles-to-escape-stocks-death-spiral-as-users-flee-sales-drop.html","title":{"rendered":"Facebook scrambles to escape stock\u2019s death spiral as users flee, sales drop"},"content":{"rendered":"\n<p>(CNBC) A year ago, before Facebook had turned <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta<\/a>, the social media company was sporting a market cap of <a href=\"https:\/\/www.cnbc.com\/2021\/06\/28\/facebook-hits-trillion-dollar-market-cap-for-first-time.html\">$1 trillion<\/a>, putting it in rarefied territory with a handful of U.S. technology giants. Today the view looks much different. Meta has lost about two-thirds of its value since peaking in September 2021. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/09\/30\/facebook-scrambles-to-escape-death-spiral-as-users-flee-sales-drop.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) A year ago, before Facebook had turned Meta, the social media company was sporting a market cap of $1 trillion, putting it in rarefied territory with a handful of U.S. technology giants. Today the view looks much different. Meta [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82736","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82736"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82736\/revisions"}],"predecessor-version":[{"id":82737,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82736\/revisions\/82737"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}