Shares of Pinterest, Twitter and Snap were sliding in premarket trading on Thursday.
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Shares of Facebook parent Meta plunge 22% on lower profitsMeta’s shares fell 22.6% to $249.90 in after-hours trading. If the drop holds until the market opens Thursday, the company’s overall value is on track to drop by nearly $200 billion.
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Meta Shares Plunge 20% as Facebook Reports Losing Daily Users for the First TimeMeta's disappointing Q4 2021 report caused a massive plunge in its stock, currently down over 22% in the after-hours trading session.
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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.
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Meta shares plunge more than 20% after posting rare profit declineMeta, the company that owns Facebook, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its 'metaverse' project.
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Meta shares collapse, drop over $79 after report paints a bleak picture for 2022Meta shares drop over $79 after the company reported a rather bleak forecast for 2022.
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