Meta Platforms went down in history on Thursday for the biggest one-day crash in the stock market.
After the Facebook owner reported missed quarterly earnings and a slowly shrinking user base on Wednesday, shares have declined some 26%. The company’s stock has also lost about $230 billion in market value since Wednesday’s close, which stands as the biggest wipeout in market value for any U.S. company.
The markets overall have been volatile in the last few weeks, and the tech sector in particular saw some dips across the board this last month.
Twitter, Snap and Pinterest have all been trading lower, and Meta was trading at $237.76