Investing
Stomach-Churning Stock Swings Draw Red Line Under the Big in Big Tech
The unprecedented slide in shares of the Facebook parent is hitting low-cost index funds, ETFs and 401(k) favorites.
Meta stock information at the Nasdaq MarketSite in New York, on Feb. 3.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Millions of ordinary investors rode Facebook on the way up, whether they fully realized it or not. Now, they’d better brace for the ride down.
The stomach-churning collapse of Facebook parent Meta Platforms Inc. on Thursday — a one-for-the-record-books $252 billion stunner — places a bright red line under the “big” in Big Tech.