Facebook’s parent company Meta revealed a major revenue shortfall, missing Wall Street expectations amid challenges spurred by its multibillion-dollar investment in its augmented reality “metaverse,” setting off a wave of stock-price volatility Thursday. Markets closed with Facebook down 26 percent, having shed roughly $230 billion from its market value — the biggest-ever one-day loss for a U.S. company. The decline swept about $30 billion off of CEO Mark Zuckerberg’s net worth early Friday. The Menlo Park, California, company said it generated a profit of $10.3 billion in the final three months of 2021, but that is down 8 percent from the same period in 2020. Meta did, however, add users to its collective suite of apps, including WhatsApp and Instagram. . . .
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