Meta falls over 7% after earnings, erasing its gain for the year
FROM THE WIRE · FINANCE.YAHOO.COM
Apple, Lilly and Walmart have added over $400 billion since chip stocks peaked in early October. Meta, Alphabet and SpaceX have lost nearly twice that. Meta (META) is the latest casualty. The stock is down more than 7% Thursday, erasing about $125 billion in market value and…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA move of this size in a mega-cap can weigh on the tech sector and on major indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Meta is down more than 7% Thursday, erasing about $125 billion in market value.
- 02The stock slipped below its 2025 closing price, wiping out its gain for the year.
- 03It is on track for a third straight drop of 5% or more the day after earnings, a first since its 2012 IPO.
- 04The stock has traded between about $500 and $800 for two years.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets