Buy the rumor, sell the news: That seems to be both the mantra and the lament of investors in social media star Meta Platforms (NASDAQ: META).

Over the weekend, both the rumors and the news sounded pretty propitious for Meta, as Threads, the company's just-introduced answer to Elon Musk's Twitter, has rocketed quickly to 100 million subscribers just five days after it was launched.

Sucked in by the enthusiasm, investors bid up Meta stock more than 2% this morning. But by 12:15 p.m. ET on Monday, it had already given up those gains, and was falling into the red, down 1.1%.  

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Source Fool.com