BREAKING: Meta stock, $META, falls over 10% despite reporting stronger than expected Q1 2024 earnings.
Meta reported quarterly revenue of $36.5 billion and EPS of $4.71, both of which were above expectations.
Even with a large beat, the stock is now down 17% from its recent all time high.
Is the party over for big tech?
Even as active user count came in above expectations and ad impressions jumped 20%, the stock is down.
It seems like an overall strong quarter so far for $META.
Perhaps investors are just rotating out of tech.
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