META Drops Over 10% After Q1 Earnings as Market Cap Loss Tops $175B

• Meta stock fell more than 10% and headed for its largest daily decline since October 2025, The Kobeissi Letter said.
• Meta erased about $175 billion in market value after its Q1 earnings report.
• GraniteShares’ FBL offers 2x daily long exposure to META, with material risk for intraday traders.

Meta Platforms shares fell sharply after the company’s Q1 earnings report, with $META dropping more than 10% on the day. The Kobeissi Letter reported that the move put Meta on track for its largest daily decline since October 2025, while the stock erased about $175 billion in market value.

The selloff also drew attention from WatcherGuru, who posted that META had lost about $175 billion in market cap. Notably, analyst Barchart added that Meta dropped below its 200-day moving average. Meanwhile, traders also tracked GraniteShares’ 2x Long META Daily ETF, FBL, as intraday v…

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