Meta Shares Plunge After Disappointing Revenue Outlook 'Leaks'

About 3 hours before it is expected, the following headline ripped across the pages of Bloomberg Terminals:

*META PLATFORMS SEES 2Q REV. $27B TO $29B, EST. $30.74B

And that sent FB shares tumbling...

(Click on image to enlarge)

The algos immediately BTFD in FB... as Bloomberg issued the following:

*CORRECT: META PLATFORMS DID NOT REPORT EARNINGS

*CORRECT: META PLATFORMS 2Q REVENUE FORECAST REPORTED IN ERROR

Little late for that now eh? Just ignore what you just saw? Pretend you never saw it?

(Click on image to enlarge)

Did someone screw up Pacific and Eastern Time?

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Frank J. Williams 2 years ago Member's comment

Frankly, I'd say #Meta/#Facebook deserves this.  Such a slimy company that cares nothing for its users, only profits.  $FB