Facebook owner Meta and Netflix may have a hard time turning around the slumps that have wiped more than a third off their market value this year, as ongoing business headwinds and a weak macroeconomic backdrop keep investors at bay. The two internet giants were among the most high-profile disappointments of the last earnings season, with slowing growth at both companies sparking sell-offs that erased hundreds of billions of dollars in value.

Source: Irish Examiner April 15, 2022 04:59 UTC