Why Meta Platforms Stock Cratered on Thursday
Shares of Facebook parent company Meta Platforms (NASDAQ: FB) were absolutely slammed on Thursday, losing about one-fourth of their value. The stock fell as much as 26.6% but is down about 25% as of 11 a.m. ET.
The stock's pullback is directly related to Meta Platforms' fourth-quarter update, which featured slowing revenue growth and an earnings miss, as well as a first-quarter outlook that was far below what the Street was hoping for.
A chart showing a stock price decreasing.
Source Fool.com
