News > Meta erases $251 billion in value, biggest wipeout in history

Meta erases $251 billion in value, biggest wipeout in history

Meta Platforms Inc.'s one-day crash now ranks the worst in stock-market history. The Facebook parent plunged 26% Thursday on the back of woeful earnings results and erased about $251.3 billion in market value.

This is the biggest wipeout in market value for any U.S. company ever.