Meta drop in Bitcoin

Following Nasdaq's drop, Bitcoin fell from its highest level in the previous two weeks. The fact that Bitcoin miners in Texas stopped their operations due to cold weather is also thought to have played a role in the decrease in prices.

The decline in the Nasdaq towards the end of the session was effective in Facebook's umbrella company, Meta, and Spotify. Nasdaq futures were down around 2% on Thursday morning.

The daily drop-in commodity stocks mark the biggest daily depreciation in the stock markets. While Facebook's parent company recorded a 22 percent decrease in transactions before the markets opened, the market value of the company decreased by $195 billion.

Thus, Meta experienced the biggest daily depreciation among US companies. The biggest loss in value before that was experienced in Apple with 180 billion dollars.

Analysts, on the other hand, say that Meta is in tight competition with competitors such as Tiktok, and the announced revenue is much lower than expected. The decline in Facebook shares also gives a good clue about what kind of bubble has formed in technology companies.

While Spotify shares fell 23 percent due to the company's lower-than-expected subscriber targets, they gave back gains over the past two years.