Tag: Facebook

(2 February 2022) Facebook shares plunged 20% in after-hours trading today as earnings and forward guidance came in below analysts' estimates.  The tech-heavy Nasdaq futures also fell 2% on the earnings disappointment.  The steep decline comes after the stock market has staged a powerful rebound following the last Monday's low.  Markets had seen a rise in volatility in January following the Fed's promise to raise rates in order to fight rising inflation.  The prospect of higher rates are kryptonite to this market since investors have relied on the...