Meta Platforms stock fell 2.34% to $675.52, continuing a downtrend as the broader tech sector experienced profit-taking following weak jobs data and macro concerns.
- The decline mirrored the NASDAQ Composite, which was down 1.08% amid the broader market sell-off.
- Market sentiment was negatively impacted by weaker-than-expected ADP jobs data and the nomination of a hawkish Fed Chair.
- Analysts remain positive on the long-term outlook, citing Meta's AI potential and maintaining price targets up to $900.