Here's Why Meta Platforms Stock Hit a New 52-Week Low Today

Here's Why Meta Platforms Stock Hit a New 52-Week Low Today

Shares of Meta Platforms (NASDAQ: META) fell around 4% on Friday, which was just slightly more than the S&P 500's 2.8% drop. Meta stock even hit a new 52-week low, dropping to $132.44 per share, according to Yahoo Finance. The market's performance didn't help today, but negative news for Meta also likely played a part in bringing the stock down.