Why Meta Platforms Stock Is Falling Today
Could this be big tech's "big tobacco" moment?
Overview
Meta Platforms (NASDAQ: META) stock is down Monday, falling 3.8% as of 2:43 p.m. ET. The S&P 500 and the Nasdaq Composite are also sliding, down 0.4 and 0.3%, respectively.
Just weeks after the social media giant lost a high-profile case in New Mexico, it will once again defend itself in court tomorrow -- this time, in California.
Details
Oral arguments begin Tuesday morning in a major, unified case brought by Attorneys General from 29 states. Led by California AG Rob Bonta, Meta is facing allegations that it knowingly fostered addictive behavior in teens and children.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.