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Meta Stock Plunges Following Earnings Announcement

By
Sylvia Varnham O'Regan
· · Source: The Information

Meta’s stock price fell to the lowest level since 2015 after the company reported a drop in revenue and rising expenses in its quarterly earnings Wednesday. The Facebook parent’s stock price was down more than 22% to $101 at time of publication, a drop from $338 in early January. Meta is grappling with competition from TikTok, macroeconomic volatility and pressure from shareholders as it...

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