Nasdaq futures drop as Facebook leads tech shares lower

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Nasdaq futures drop as Facebook leads tech shares lower
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Nasdaq 100 and S&P 500 futures fell Wednesday night, as traders pored through the latest batch of corporate earnings.

Nasdaq 100 and S&P 500 futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms.

Shares of Facebook-parent Meta Platforms plunged more than 20% in after-hours trading after the company's quarterly profit fell short of expectations. The company also issued weaker-than-expected revenue guidance for the current quarter. Spotify Technology, meanwhile, fell about 11% after the company's latest quarterly figures showed a slowdown in premium subscriber growth.

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