{"id":80627,"date":"2022-02-03T01:58:49","date_gmt":"2022-02-03T06:58:49","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80627"},"modified":"2022-02-03T01:53:46","modified_gmt":"2022-02-03T06:53:46","slug":"social-media-stocks-crater-after-facebook-reports-disappointing-earnings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2022\/social-media-stocks-crater-after-facebook-reports-disappointing-earnings.html","title":{"rendered":"Social media stocks crater after Facebook reports disappointing earnings"},"content":{"rendered":"\n<p>(CNBC) Shares of social network operators <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/PINS\" target=\"_blank\">Pinterest<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\" target=\"_blank\">Snap<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/TWTR\" target=\"_blank\">Twitter<\/a> all declined in extended trading on Wednesday after Facebook owner <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/FB\" target=\"_blank\">Meta Platforms<\/a> issued its <a href=\"https:\/\/www.cnbc.com\/2022\/02\/02\/facebook-parent-meta-fb-q4-2021-earnings.html\">fourth-quarter earnings statement<\/a> that sent the stock down 22%. Shares of Snap fell more than 18% after hours. Pinterest moved almost 10% lower, while Twitter was down almost 8%.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/02\/02\/pinterest-snap-and-twitter-fall-after-facebook-earnings-disappoint.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares of social network operators Pinterest, Snap and Twitter all declined in extended trading on Wednesday after Facebook owner Meta Platforms issued its fourth-quarter earnings statement that sent the stock down 22%. Shares of Snap fell more than 18% [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80627","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=80627"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80627\/revisions"}],"predecessor-version":[{"id":80628,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80627\/revisions\/80628"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}