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Meta loses record $232B in market value

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Facebook parent company Meta Platforms Inc.'s market value plunged by a record $232 billion on Thursday.

That's the largest single-day decline in market value on record for any U.S. company.

The decrease came as Meta officials laid out a list of business pressures, including the rise of TikTok and privacy changes made by Apple.

Read more from MarketWatch.

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