Facebook owner suffers 26% plunge in share price
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.
Source: borehamwoodtimes.co.uk
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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.
Fellow social media company Twitter fell 5.6%, Snapchat's parent company Snap sank 23.6% and Pinterest lost 10.3%.
Because Meta is valued so highly, a big swing in its stock price can also sink or lift broader market indexes.
Meta sank after forecasting revenue well below analysts’ expectations for the current quarter.