Why Meta Platforms Stock Cratered on Thursday

Shares of Facebook parent company Meta Platforms (NASDAQ: FB) were absolutely slammed on Thursday, losing about one-fourth of their value. The stock fell as much as 26.6% but is down about 25% as of 11 a.m. ET.

The stock's pullback is directly related to Meta Platforms' fourth-quarter update, which featured slowing revenue growth and an earnings miss, as well as a first-quarter outlook that was far below what the Street was hoping for.

A chart showing a stock price decreasing.

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Source Fool.com