Meta’s Plunge Highlights Market-Cap Funds’ Overweight in Big Tech
February 03, 2022 at 11:20 AM EST
Shares of Meta Platforms (FB) plummeted over 25% as trading commenced on Thursday morning, following its Wednesday Q4 earnings report in which the firm missed on earnings per share and posted a negative outlook for Q1. Meta was set to lose a fifth of its market value on Thursday morning, amounting...
