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Short-sellers make billions in Meta’s stock plunge
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Meta’s stock plunge on 26 October was a golden moment for short-sellers, who netted over $1bn in just two days, according to data from S3 Partners.
Short profits on Meta shares passed $6bn in October, a separate report by ORTEX Analytics shows, after the social media company posted a 52% fall in profits for the third quarter.
Meta is now the...
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