Why Meta Platforms Stock Flopped on Friday [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
So it wasn't surprising that the company's share price fell on news that its messaging will no longer be available as a stand-alone app in a top mobile marketplace in China. Meta's stock closed Friday more than 4% down in price, which was a far steeper tumble than the 0.9% drop of the S&P 500 index. Facebook Messenger removed from App Store in China Before market open, The Wall Street Journal reported that a clutch of popular messaging apps were removed from Apple 's App Store that day. This included Facebook Messenger, plus Telegram and Signal. The iPhone maker said this was done by request, with rather vague "national security concerns" cited as the reason. The Journal quoted an unnamed Apple spokesperson as saying that "We are obligated to follow the laws in the countries where we operate, even when we disagree." Facebook Messenger, Telegram, and Signal are inaccessible behind the so-called Great Firewall erected by the Chinese government. However, it is common for people i
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- 4/30/24 - Form 4
- META's page on the SEC website