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Updated Feb. 9, 2022 2:45 pm ET / Original Feb. 9, 2022 8:42 am ET
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Wednesday just might be the day that shares of Meta Platforms, the parent company of Facebook and Instagram, bounce off rock bottom.
Shares in the social media giant have had an abysmal time of late. Following weak quarterly earnings and a dismal outlook, Meta (ticker: FB) went into free fall last week, notching the largest one-day loss in market capitalization in U.S. history on Feb. 3, when the stock price collapsed by 26%.