---
title: "BREAKING: Meta stock, $META, has now erased $240 BILLION of market cap after reporting earnings, down as much as 19%."
description: "If $META closes at current levels tomorrow, it will mark the BIGGEST EVER 1-day loss of market cap by a stock.\n\nThe previous record is also held by $META when the stock shed $232 billion on February 3rd, 2022.\n\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING: Meta stock, $META, has now erased $240 BILLION of market cap after reporting earnings, down as much as 19%.](https://blog.syzgroup.com/syz-the-moment/breaking-meta-stock-meta-has-now-erased-240-billion-of-market-cap-after-reporting-earnings-down-as-much-as-19)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 25, 2024, 12:36:13 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-meta-stock-meta-has-now-erased-240-billion-of-market-cap-after-reporting-earnings-down-as-much-as-19)

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