Disappointing Meta, PayPal Earnings Send Shudders Through Stock Market – The Wall Street Journal

The technology stock rally that led the market’s dizzying rally from the depths of the pandemic is coming under pressure.

Shares of Meta Platforms Inc. (formerly known as Facebook Inc.), PayPal Holdings Inc. and Spotify Technology SA have lost $270 billion of market value in the past two days, following earnings reports and financial forecasts that disappointed investors.

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