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Meta Earnings Eyed as Tech Stocks Plummet – Will Facebook Get the Netflix Treatment

April 27, 2022

Via: DailyFX

Meta Platforms (FB) stock prices have plummeted from their September 2021 highs, falling more than 50% from those levels, pressured by slowing growth in the business, privacy changes to Apple’s iOS, stronger competition, doubts about the metaverse venture and broad-based tech sector weakness amid rising interest rates and soaring inflation. The sell-off, however, picked up pace in early February after the company posted worse than anticipated Q4 2021 earnings, recorded its first-ever drop in daily user numbers and offered disappointing forward-looking commentary.

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