Meta stock price falls to nearly 1-year low: 3...

Yesterday, shares of Facebook and Instagram owner Meta Platforms (Nasdaq: META) dropped nearly 8% in a single trading session, ending the day at $547.54 per share. Today, the stock price has continued to fall, down about 2.5% in early-morning trading. At its current price of around $533 per share, it has declined more than 32% since META shares reached an all-time high of over $796 per share last August. But why has Meta, led by CEO Mark Zuckerberg, seen its stock fortunes reversed so profoundly