Facebook parent Meta shares in continuing €200bn wipeout

It fell as much by more than 2% at one stage on Friday

It follows whistleblower Frances Haugen’s revelations and disappointing quarterly results.

Shares in Facebook parent Meta Platforms dropped on Friday, with shares set to a enter bear market after months of volatility triggered by a whistle-blower’s revelations and disappointing quarterly results.

The selloff is about 20% since its closing record on September 7, erasing nearly $230bn (€200bn) in market value.