Meta Platforms Shares Slide Amid Regulatory Pressure and Economic Uncertainty: What's Going On Lately?
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Shares of Meta Platforms have dropped 7.6% over the past week amid regulatory scrutiny and economic uncertainty. The U.S. government has initiated an antitrust trial against Meta, accusing it of maintaining a monopoly through acquisitions like Instagram and WhatsApp. CEO Mark Zuckerberg defended the company's strategy, emphasizing the need for scale. Concerns over inflation, slowing growth, and potential tariffs affecting hardware costs have further pressured Meta's stock, which is currently trading at $491.45. Investors are wary of reduced ad spending and delayed interest rate cuts impacting tech valuations.
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