the staff of the Ridgewood blog
Ridgewood NJ, for the first time in its 18-year history, Facebook lost close to 500,000 subscribers over the last three months. As a result, the parent company’s stock, Meta, plummeted 26%, shaving more than $220 billion of its value. That’s more than one-fifth of a TRILLION dollars lost in one day. This freefall comes on the heels of Facebook blocking US Trucker’s from their social media site for allegedly violating established policies. Watch out. US Truckers are now organizing a convoy to Washington, DC, similar to the movement sweeping across Canada. Some people speculate that limbo music might be in order for the newly named Meta stock: “How long can you go?”