Why Meta Platforms Stock Was a Laggard on Friday
While Meta Platforms (NASDAQ: FB) had a positive Friday on the stock market with its share price rising 1.4%, it was outpaced by the S&P 500 index's 2.2% gain. An apparent clampdown on the other side of the world and a disquieting article on the company's virtual reality (VR) and augmented reality (AR) efforts made investors hesitant on the stock.
It seems the government of Russia, not at all surprisingly, is planning to restrict access to Meta Platforms' core asset Facebook, according to numerous media reports. It wasn't clear exactly what form such a restriction would take; it did not appear to be a total ban.
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Source Fool.com
