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Facebook parent Meta's stock dips on erroneous guidance release.. stock added to Bare Essentials Portfolio on Van's upgrade - In @ $170 area))))))))))))))))))
Apr. 27, 2022 1:21 PM ETMeta Platforms, Inc. (FB)
Facebook parent Meta's stock dips on erroneous guidance release.. stock added to Bare Essentials Portfolio on Van's upgrade - In @ $170 area))))))))))))))))))
Apr. 27, 2022 1:21 PM ETMeta Platforms, Inc. (FB)
- Meta Platforms (NASDAQ:FB) stock saw a sudden slide after an erroneous guidance outlook from the company was spread minutes ago, well ahead of its earnings report set for after today's market close.
- Chatter spiked arounda forecast for second-quarter revenue of $27 billion-$29 billion - which was what the company had previously forecast for the first quarter yet to be reported.
- Bloomberg terminals flashed a headline that Meta expected that forecast for Q2, as though it was coming from the release set for today. They quickly ran a new correction stating Meta didn't release its earnings yet.
- Shares quicklysank 6%to a day's low of $169.00 on a multimillion-share volume spike.

