Facebook owner suffers 26% plunge in share price

Meta’s share price has plunged (Tony Avelar/AP)

A historic plunge in the stock price of Facebook’s parent company has helped yank other tech stocks lower on Wall Street, abruptly ending a four-day winning streak for the market.

The 26.4% wipeout for Meta Platforms, as Facebook’s owner is now known, erased more than 230 billion dollars in market value, easily the biggest one-day loss in history for a US company.