Page 9 - Guy Lebas News Today

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

The 26% plunge for the Facebook parent company marked the largest drop in history for any company.

A historic plunge in the stock price of Facebooks parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market. The 26.4% wipeout in Meta Platforms, as Facebooks parent company is now known, erased more than $230 billion in market value, easily the biggest one-day loss in history for a U.S. company. A weak revenue outlook for Meta helped drag the stocks of other social media companies including Twitter and Snap lower too. Th...

A historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.

Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.