(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history.
By Thyagaraju Adinarayan and Jan-Patrick Barnert | BloombergThe Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion.
“Lots of U.S. megacaps are priced as growth stocks. They may suffer more in a rising yield environment, especially if growth becomes more questionable,” said Frederic Rollin, senior investment advisor at Pictet Asset Management.
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