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(geology) The basin-like opening or mouth of a volcano, through which the chief eruption comes; similarly, the mouth of a geyser, about which a cone of silica is often built up.
2022 January 12, Benedict le Vay, “The heroes of Soham...”, in RAIL, number 948, page 43:
But signalman Bridges was never to answer driver Gimbert's desperate question. A deafening, massive blast blew the wagon to shreds, the 44 high-explosive bombs exploding like simultaneous hits from the aircraft they should have been dropped from. The station was instantly reduced to bits of debris, and the line to a huge crater.
(historical)Alternative spelling of krater(“vessel for mixing water and wine”)
1941, Louis MacNeice, The March of the 10,000:
The people of those parts lived in underground houses - more of dug-outs - along with their goats and sheep and they had great craters full of wine, barley-wine, that they drank through reeds.
2008 November 25, David Letterman, quoting John McCain, “‘The Economy Is Exploding’”, in NYTimes blog:
Yup, John McCain said to me the economy “is about to crater.” You folks worried about the economy? Whoo! Not me.
2020 August 6, Kate Conger, “Uber’s Revenue Craters, as Deliveries Surge in Pandemic”, in New York Times:
Uber said on Thursday that its ride-hailing business had cratered in the second quarter as people traveled less in the pandemic.
2022 October 4, Kate Conger, Lauren Hirsch, “Elon Musk Suggests Buying Twitter at His Original Price”, in The New York Times, →ISSN:
The potential agreement comes after months of disputes that have created existential challenges for Twitter, cratering its share price, demoralizing its employees and spooking the advertisers it relies on for revenue.