Meta Stock Drops 9% Thursday As Tariff Fears Shake Tech Sector: What You Need To Know
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Meta Platforms Inc. shares fell 8.96% to $531.62 on Thursday amid market reactions to President Trump's new tariff plan, which targets several countries and is expected to escalate trade tensions. Analysts warn that these tariffs could lead to inflation, increased consumer costs, and recession risks, particularly affecting multinational companies like Meta that depend on international markets for revenue. The broader market also experienced declines, with major indexes dropping up to 6% as investors reassess the implications of the tariffs on technology and digital advertising spending.
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