{"id":82977,"date":"2022-10-28T02:50:01","date_gmt":"2022-10-28T06:50:01","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82977"},"modified":"2022-10-28T02:35:04","modified_gmt":"2022-10-28T06:35:04","slug":"meta-shares-plunge-24-to-the-lowest-price-since-2016","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/meta-shares-plunge-24-to-the-lowest-price-since-2016.html","title":{"rendered":"Meta shares plunge 24% to the lowest price since 2016"},"content":{"rendered":"\n<p>CNBC)Shares of <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta<\/a> plunged 24.5% Thursday as investors and analysts digested the company\u2019s <a href=\"https:\/\/www.cnbc.com\/2022\/10\/26\/facebook-parent-meta-earnings-q3-2022.html\">third-quarter earnings miss<\/a> and a weak fourth-quarter outlook. Shares closed at $97.94, the lowest price since 2016. The parent company of Facebook reported quarterly revenue of $27.7 billion Wednesday, a decline of more than 4% year over year and its second straight quarterly decline. Its profit plummeted 52% to $4.4 billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/10\/27\/meta-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC)Shares of Meta plunged 24.5% Thursday as investors and analysts digested the company\u2019s third-quarter earnings miss and a weak fourth-quarter outlook. Shares closed at $97.94, the lowest price since 2016. The parent company of Facebook reported quarterly revenue of $27.7 [&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-82977","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82977","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=82977"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82977\/revisions"}],"predecessor-version":[{"id":82978,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82977\/revisions\/82978"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}