Why Meta Stock Is Falling Hard Today

The stock of Meta Platforms (NASDAQ: META) was tumbling this morning after comments made by CEO Mark Zuckerberg about the economy and cutting back on hiring. 

The tech stock was down by 2.8% as of 11:46 a.m. ET on Friday.

Reuters reported this morning that Zuckerberg said in a weekly employee meeting that the company is expecting a significant economic slowdown and will drastically cut back on the number of people it previously expected to hire. 

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Source Fool.com