Why Snap, Pinterest, Twitter and Roblox Shares Are All Falling

Shares of several social media and metaverse-related stocks, including Pinterest Inc PINS, Roblox Corp RBLX, Snap Inc SNAP and Twitter Inc TWTR, are all trading lower in sympathy with Meta Platforms FB after the stock dipped following fourth-quarter earnings results.

Meta Platforms shares fell by greater than 25% in Wednesday's after-hours session after reporting worse-than-expected fourth-quarter EPS results and issued guidance.

Meta Platforms reported quarterly earnings of $3.67 per share which missed the analyst consensus estimate of $3.84. The company also reported quarterly sales of $33.67 billion which beat the analyst consensus estimate of $33.38 billion by 0.87 percent. This is a 20% increase over sales of $28.07 billion in the same period last year. Meta reported 2.91 billion monthly active users for Facebook… Read More

See Also: McDonald's Enters The Metaverse: What Investors Need To Know

Snap and Pinterest will report fourth-quarter earnings after market close today.

Twitter will report fourth-quarter earnings after market close on Thursday, February 10.

Roblox will report fourth-quarter earnings after market close on Tuesday, February 15.