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Benzinga
Benzinga
Business
Wayne Duggan

Meta Platforms Is Now The 2nd Most Profitable Stock For Short Sellers In 2022, Behind Only Tesla

Facebook and Instagram parent company Meta Platforms Inc (NASDAQ:META) plummeted 24% on Thursday to its lowest price since 2016.

Investors weren't impressed by Meta's third-quarter earnings miss and weak fourth-quarter guidance — but Meta has been a home run trade for short sellers so far in 2022.

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