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via seekingalpha.comMarkets

Meta Platforms shares fall over 5% after quarterly earnings, pressuring linked ETFs

FROM THE WIRE · SEEKINGALPHA.COM

[Meta European head office] Derick Hudson Shares of Meta Platforms (META [https://seekingalpha.com/symbol/META]) are under pressure Thursday morning after the large-scale technology firm posted its latest quarterly earnings report. The stock is now down more than -5% on the…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA drop of more than 5% in a mega-cap also flows through to the funds that hold the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta Platforms shares are down more than 5% on the session after quarterly earnings.
  2. 02The stock is held by 753 ETFs owning just under 365 million shares.
  3. 03The decline spreads to funds, including a 2x long Meta daily ETF.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.METAStock652.36 USD+0.02%today -6.47%Negative GraniteShares 2x Long META Daily ETFFBLETF25.27 USD-0.22%today -13.32%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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