Meta shares were down 22.5% at around $250.45 in late trade Wednesday. The company’s shares haven’t traded that low since 2020, and the dip corresponds to about $200 billion being knocked off Meta’s market capitalization.
Shares of other tech firms including Apple, Google and Microsoft have had a rocky start to 2022 as investors prepare“it’s a black eye quarter,” Wedbush Securities managing director Dan Ives told The Post. “It’s a dark chapter quarter at a time when the bulls need to see good news.”
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Meta Stock Plunges After Earnings Miss, Warns “Macroeconomic Challenges” to Impact Ad BizThe company formerly known as Facebook reported record revenues and users, but warned of choppiness as it shifts to the metaverse. Looks like the name change was a distraction. Perhaps the equivalent of adding .com to a company name 20 or more yrs ago.
Source: THR - 🏆 411. / 53 Read more »
Meta shares slide more than 20% on earnings miss, weak guidanceShares of Facebook parent Meta plunged more than 20% in extended trading Wednesday on an earnings miss, weak guidance and intensifying competition. $FB reported earnings of $10.3 billion, or $3.67 a share, topping the $3.88 a share it reported last year. look like crap... time to go outside and enjoy some nature for real... tech is down again ...lol Stop shorting by hedgefunds This is a crash that is going to happen this month.. media tell to truth advise your listeners massive bankruptcy will take place in the coming weeks
Source: MarketWatch - 🏆 3. / 97 Read more »