Meta Shares Lose 0.81% Despite Enthusiasm for Threads

Shares of the Facebook owner gained 2.84 percent on Wednesday; however, there was an adjustment today, in line with the negative trend of the New York stock market.
The shares of Meta Platforms, controller of the social networks Facebook, Instagram and now also Threads, closed the day this Thursday with a loss of 0.81 percent, compared to the previous closing, when trading at $291 per title on the Nasdaq market.
Market analysts attributed the behavior of the shares of the social network to an adjustment, after they registered a rise of close to 3 percent (2.84) on Wednesday, driven by the announcement that Meta made of Threads, a new app built by Instagram to share moments via text and join public conversations.
In the first seven weeks after the launch of Threads, the app achieved 10 million downloads and hours later it reached 30 million, much more than what Twitter, a social network that presents a similar product, achieved.
The Nasdaq technological index closed the day on Thursday with a fall of 0.82 percent, compared to the close of Wednesday, in line with the trend of the US stock indices, as the Dow Jones lost 1.07 percent and the S&P 500, 0.79 percent. .
The director of financial economic analysis of Banco BASE, Gabriela Siller, indicated that employment data in the United States and the comments of Lorie Logan, president of the Federal Reserve of Dallas, generated speculation that the Fed could be more aggressive to raise the interest rate. interest.
In the United States, the ADP employment survey revealed that 497,000 jobs were created in June, well above the market expectation, where the creation of 219,000 jobs was anticipated. June job creation is the highest since February 2022.
In addition, Lorie Logan highlighted the need to increase interest rates due to the rebound in the real estate sector, which could threaten increases in inflation.
Reviewer overview
Shares of the Facebook owner gained 2.84 percent on Wednesday; however, there was an adjustment today, in line with the negative trend of the New York stock market. - /10
Summary
Shares of the Facebook owner gained 2.84 percent on Wednesday; however, there was an adjustment today, in line with the negative trend of the New York stock market.
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