META Sinks; ‘Chief Twit’ Walks in with a Sink
27 Outubro 2022 - 01:04PM
TipRanks
Social media names continue to see major headwinds with Meta
(NASDAQ:META) leading a downward spiral with a nearly 22% decline
today. The price correction comes after its disappointing
third-quarter showing with major challenges knocking on its door.
While the stock has plummeted ~70% year-to-date and doubts are
being cast about its big metaverse spending, Wall Street has turned
cautiously optimistic with a Moderate Buy consensus rating about
the stock. Twitter (NYSE:TWTR) shares are up today ahead of
the suspension of its shares from NYSE tomorrow. ‘Chief Twit’ Elon
Musk who walked into Twitter offices today with a sink is finally
bringing the Twitter acquisition rollercoaster to an end.
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