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Benzinga

Business

Henry Khederian

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

Twitter Inc. SNAP Pinterest NYSE Roblox Meta PINS Pinterest Inc Snap Inc

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

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.

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The union representing flight attendants has raised safety concerns about President Donald Trump's proposed triumphal arch near Ronald Reagan Washington National Airport

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One subscription that gives you access to news from hundreds of sites

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Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

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