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Meta Platforms Plunged Over 26% in Morning Trading after Its Disappointing Q4 Results

Tiger Newspress2022-02-03

MetaPlatforms plunged over 26% in morning trading after its disappointing Q4 results.

 

Meta Platforms reported quarterly earnings of $3.67 per share which missed the analyst consensus estimate of $3.84. The company also reported quarterly sales of $33.67 billion which beat the analyst consensus estimate of $33.38 billion by 0.87 percent. This is a 20% increase over sales of $28.07 billion in the same period last year.

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Comment37

  • Mm101
    ·2022-02-05
    Like
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  • 自由一夏
    ·2022-02-04
    I think will drop further , wait and see can drop to 200 .
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  • Sphere
    ·2022-02-04
    Strong foundation company. Nothing to fear
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  • robot1234
    ·2022-02-04
    Stocks tumble as Facebook’s earnings-induced rout halts tech rebound, Nasdaq falls 3.7%. Facebook’s $237.6 billion fall sets record for largest one-day value drop in stock market history. Meta Platforms shares plunged 26.4% after the company’s quarterly profit fell short of expectations. The company also issued weaker-than-expected revenue guidance for the current quarter. It was the biggest drop ever for the Facebook parent. Mark Zuckerberg’s net worth just fell almost $30 billion in one day—the second-biggest drop ever
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  • JaneJane
    ·2022-02-04
    🤦🏻‍♀️
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  • sQzC
    ·2022-02-04
    Y
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  • Sing Options
    ·2022-02-04
    Cool
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  • Phyusin
    ·2022-02-04
    How? Time to accumulate?
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  • PearlynCSY
    ·2022-02-04
    Facebook co-founder Mark Zuckerberg saw his net worth decrease by almost $30 billion following the record-breaking plunge of Meta shares Thursday.
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  • 许哲东
    ·2022-02-04
    CNY sale
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  • Ericlam
    ·2022-02-04
    Getting discounts 
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  • Nasbhai
    ·2022-02-04
    To the ground!!!
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  • linereps
    ·2022-02-04
    Still considering to go in..Will it be a good metaverse play? I wonder...
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  • IZLIN
    ·2022-02-04
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  • Gladys8jk
    ·2022-02-04
    Ok
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  • adonis123
    ·2022-02-04
    No fear as long as you play within your means
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  • Slee49
    ·2022-02-04
    Sad
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  • Ryoiki
    ·2022-02-04
    Yeah
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  • RDPD富爸穷爸
    ·2022-02-04
    To be fair, this sharp drop in price is an over-reaction. Business wise, if comparing YR2021 profit vs YR2020 profit, it is still growing. As always, please do your own due diligence and follow your own investment plan 😊
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  • Annalz
    ·2022-02-04
    poor FB
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