Zuckerberg tells staff to focus on video products as Meta's stock plunges

Facebook lost a record $251 billion of value in a single day

Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news.

His red, teary eyes were the result of a scratched cornea, the Facebook founder said Thursday, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value.

At a company-wide virtual meeting, Zuckerberg explained that the historic stock drop was a result of Meta’s weak forecast for revenue in the current quarter, according to a person who attended and was not authorized to speak about it. It is important to focus on growing Facebook’s short-video product, he said. 

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