Facebook Drops as Social Media Stocks Plunge
Social media stocks fell across the board yesterday as shares of Snap plunged more than 40%.
This seemed to begin a domino effect as Meta Platforms fell nearly 8%, whilst Twitter was down by 5%.
The social setback put a damper on much of the market’s overall mood, as the Nasdaq and the S&P500 dipped over 1%.
Timestamps
SNAP 01:30
FB 03:10