TradingKey – Meta’s youth addiction trial begins today, as spreading market panic continues to push its stock price lower in pre-market trading.
On August 18, under the shadow of negative news from the trial, Meta (META) stock extended its downward trend, falling nearly 1% in pre-market trading to temporarily trade at $564.91. Yesterday, Meta’s stock price plummeted from a previous high of $590 to a low of $568.97, recording a single-day drop of nearly 4%.
Meta stock price chart, Source: TradingView
Meta is currently facing lawsuits from 29 U.S. states alleging that it violated the Children’s Online Privacy Protection Act, including collecting children’s personal information without parental consent, as well as using precise algorithmic…
