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-0.000981573962459187 0 0.000344411916652199 0.000516617874978396 0.000929912174961191 0.000929912174961191 0.000929912174961191 0.000929912174961191
Stock impact report

Why Meta Platforms Is Sinking Today [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
The drop outpaces the broader market decline, as the S&P 500 (SNPINDEX: ^GSPC) fell 1.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.9%. The company behind social media platforms Facebook, Instagram, WhatsApp, and Threads faced pressure after an analyst lowered its price target amid a wider tech sell-off. Analyst downgrades Meta amid a sell-off KeyCorp reduced its price target on Meta from $750 to $710 in a report released Tuesday, maintaining its "overweight" rating. While the new target still represents a decent upside from Meta's current price, the drop was significant. The Nasdaq-100 is down more than 12% this month as trade tensions escalate between the U.S. and key partners in many tech companies' supply chains. Moreover, persistent inflation, declining consumer sentiment, and recession fears have led many to move capital out of tech and into safer investments. A questionable AI integration It was also reported today the Meta was experimenting with giving us Show less Read more
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