Why Meta Stock Is Falling Hard Today
The stock of Meta Platforms (NASDAQ: META) was tumbling this morning after comments made by CEO Mark Zuckerberg about the economy and cutting back on hiring.
The tech stock was down by 2.8% as of 11:46 a.m. ET on Friday.
Reuters reported this morning that Zuckerberg said in a weekly employee meeting that the company is expecting a significant economic slowdown and will drastically cut back on the number of people it previously expected to hire.
Source Fool.com
