Why Meta Platforms Stock Got Punished Today

Meta Platforms (NASDAQ: FB) might be the king of social media thanks to its all-powerful core assets Facebook and Instagram, but the company's stock wasn't treated like royalty on Wednesday. More than one prognosticator has become notably cooler on Meta Platforms' stock of late. On Wednesday, Guggenheim's Michael Morris took a pair of scissors to his target on the social media giant, trimming it to $365 from the previous $395.