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A historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower Thursday on Wall Street, abruptly ending a four-day winning streak for the market.
A historic plunge in the stock price of Facebook's parent company helped yank other tech stocks lower on Wall Street on Thursday, abruptly ending a four-day winning streak for the market.
Stocks fell on Wall Street Thursday as Facebook parent company Meta plunged 26 per cent, erasing more than US$220 billion in market value, the largest drop in history.
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.
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.