In Thursday's Blitz Daily, we take a look at social media leviathan Meta Platforms, formerly known as Facebook, as money flows out of tech in a flight to safety.
Easy come, easy go... Thursday saw the tech-heavy Nasdaq take a 2-plus percent dive, giving back all of its gains from Wednesday’s post-Federal Reserve decision rally. With money flowing out of tech, social media network Meta Platforms saw shares fall as much as 2.22% from its Dec. 15 closing price.
The drop was enough to attract the attention of dip-buyers looking for a quick turnaround ahead of the upcoming holiday-shortened week.
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