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20,918 Posts.
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25/04/24
12:26
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...this DESPITE Meta beating revenue and EPS estimates.
...Expectations have gone too lofty.
BREAKING: Meta stock, $META, has now erased $240 BILLION of market cap after reporting earnings, down as much as 19%.
If $META closes at current levels tomorrow, it will mark the BIGGEST EVER 1-day loss of market cap by a stock.
The previous record is also held by $META when the stock shed $232 billion on February 3rd, 2022.
Is the party over for big tech?
https://x.com/KobeissiLetter/status/1783247666329124880
