Meta faces the largest one-day wipeout in corporate history. John Iadarola and Sabrina Rios break it down on The Damage Report.

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"Meta Platforms, the company formerly known as Facebook, is on pace for what would betheworst trading day in its history as a public company.

The company's shares were downas much as 26%as of midday Thursday, shaving off about $225 billion from its market value, after a rough earnings reportreleased after trading hours on Wednesday."

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