Meta's record-shattering Thursday stock drop — the company formerly known as Facebook lost a quarter of its market value, or more than $200 billion, in a flash — capped a crazy tech earnings season that left two seemingly contradictory takeaways: Tech firms now sit at the economy's core, yet they also can still be risky bets.
Why it matters: The first two years of the pandemic served to further accelerate the tech giants' climb after a decade of unprecedented growth. But we all know what they say about "what goes up."
