Facebook Drops 26% In One Day
As major news outlets have undoubtedly informed you, Facebook has had a rough day in the stock market. Meta, Facebook's parent company, closed down more than 26% largely due to poor earnings in Q4. The company finished with its biggest one-day decline ever, shedding more than $230 billion from its market cap.
What will the long-term effects from this decline be? Is there cause for concern for your portfolio? Check out Jeremy's thoughts below!