Meta on the Move After a Day That Hit Tech Stocks Hard, and Cracks in the Luxury Consumer 10/25/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 25 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors eyeing shares of Meta after its latest earnings report. The stock in action on a day the Nasdaq dropped more than 2%, and Alphabet saw its worst day in over three years. What the results mean for the state of mega cap tech. Plus luxury retailers feeling some pain, and it’s even taking a hit on payment stocks. What these moves say about the consumer and their ability to support the economy. Fast Money Disclaimer

Transcript

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0:00.0	Live in the Nasdaq Market
0:02.0	site in the heart of New
0:03.0	York City's Times Square.
0:04.0	This is fast money.
0:05.0	Here's what's on tap
0:06.0	tonight.
0:07.0	Metta's moment, the stock
0:08.0	popping as Facebook's
0:09.0	earnings beat and revenue
0:10.0	jumps more than 20 percent
0:11.0	will go inside all the
0:12.0	numbers and get the details
0:13.0	from the conference call
0:14.0	straight ahead.
0:15.0	Plus, Fintech paid, a
0:16.0	French payment giant falling
0:17.0	over 50 percent on a serious
0:19.0	slowdown in Europe.
0:20.0	The crushing loss sending
0:21.0	shockwaves across major
0:23.0	U.S. players like paypal
0:24.0	and Square will get the
	...

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