Facebook owner suffers 26% plunge in share price
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.
Source: sthelensstar.co.uk
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Facebook owner suffers 26% plunge in share price | Bromsgrove Advertiser
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.
Source: bromsgroveadvertiser.co.uk
Facebook owner suffers 26% plunge in share price | Burnham and Highbridge Weekly News
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.
Stocks fall Thursday as Facebook's Meta drops millions
The 26% plunge for the Facebook parent company marked the largest drop in history for any company.
Source: newscentermaine.com
Stocks fall as Facebook parent company Meta plummets 26%
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. The 26.4% wipeout in Meta Platforms, as Facebook's 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. The tech-focused Nasdaq gave up 3.7%, its biggest loss since September 2020. The S&P 500 fell 2....
Source: startribune.com