Meta Platforms Inc. is trading 2.1% down at $587.44 as investors digest new U.S. online-safety and AI regulatory developments following a strong multi-day rally.
- The company has reversed its stance to back the Kids Online Safety Act within a broader legislative package that secures national preemption on state-level AI rules.
- The shift has prompted investor repositioning and profit-taking after recent gains amid a mixed performance across the broader technology sector.