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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash Below excerpt and title of this article reported by Capoot. A. (2024, April 24). Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash. CNBC 'Investors weren’t into it. Meta shares tumbled as much as 19% in extended trading on Wednesday, wiping out more than $200 billion in market cap.' 'Apple's share in the world's biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.' 'Meta CEO Mark Zuckerberg unnerved investors on the company’s quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse.' 'Shares of Meta tumbled as much as 19% in extended trading Wednesday.' 'Apple (AAPL.O), opens new tab lost its crown as the biggest smartphone seller in China to … Read more