February 8, 2022
Meta Erases $251 Billion in Value, Biggest Wipeout in History was the recent headline in Bloomberg. This sell-off was brought on by the news that Facebook had lost daily users for the first time ever last quarter. Media immediately jumped to the conclusion that this was the beginning of the end for Facebook. But is it? BU Today recently sat down with Marshall Van Alstyne, Questrom Professor of Management in Information Systems, to discuss how we may interpret the huge drop in market value for Facebook.