, the company formerly known as Facebook, will announce its first-ever quarterly revenue drop when it reports earnings after the bell Wednesday.
The social media giant is in a transition period, aiming to make strides toward becoming a company firmly rooted in the metaverse, with augmented and virtual reality a big part of its push. The transition could take a while, and the options market is betting that this earnings report in particular will reflect Meta's bumpy ride so far, in a year where the stock has been cut in half.
"The options market is implying a move of about 11% [in either direction] after they report earnings, that's higher than the 8.7% that the company has averaged over the last eight quarters.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: