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Facebook Drops as Social Media Stocks Plunge

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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

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