Peter Cardillo From Spartan Capital On Meta’s 26% Drop On Wall Street

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Peter Cardillo From Spartan Capital On Meta’s 26% Drop On Wall Street

Peter Cardillo, Chief Market Economist at Spartan Capital Securities joins ET Now to speak about Meta- the parent company of Facebook’s momentous bombing on Wall Street Today. Its shares have dropped by over 20% and the effects are being felt in NASDAQ as well. Mr Cardillo speaks on the reasons behind the drop and its potential repercussions on other social media giants. Facebook’s role in the drop of its parent company is also discussed. Other stocks also opened lower on Wall Street this morning leading to concerns that have now gripped the entire global market. Keep watching to know more!