Technology shares are leading losses after
parent Meta Platforms surprised investors with a bigger-than-expected profit drop. Here’s what we’re watching Thursday:
- Meta shares plunged after its disappointing results in its first earnings report since the company outlined a pivot to the metaverse. The share-price decline would wipe more than $175 billion from the tech giant’s market capitalization once markets open Thursday and could spell its worst daily performance since it started trading in 2012, according to FactSet.
