|Bid||159.83 x 1100|
|Ask||160.00 x 900|
|Day's Range||155.00 - 160.62|
|52 Week Range||154.25 - 384.33|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Breaking down the psychology behind why print magazines and new financial products can be contrarian signals
Zuckerberg has chosen his moment well: the crypto sector is currently going through an unprecedented crisis of confidence marked by a fall in the price of digital currencies. Bitcoin, the king of cryptocurrencies, has lost 71.3% of its value since its all-time high on November 10, according to data from CoinGecko. Ether, the second cryptocurrency by market value, is down 78% from its November all-time high as well.
Meta Platforms (NASDAQ: META) held an internal conference on June 30, during which CEO Mark Zuckerberg told employees to brace for impact. Rising competition from short-form video site TikTok has also forced Meta to make adjustments, hurting sales in the near term. One of the significant insights from reports of the meeting was Meta's reduced plans for hiring.