Meta shorts book $1.7bn profit in a day as shares plunge
Meta’s 13% plunge on 25 April wiped out over $150bn from the firm’s market value
Short-sellers made over a billion dollars in profit after the stock of Mark Zuckerberg’s social media empire Meta witnessed a double-digit drop.
Meta shorts made a total of $1.7bn on 25 April, according to data from financial analytics provider ORTEX.
