Why Meta Platforms Finished Down 11% in June
Yahoo Finance ·
The stock also fell on a report that it would sell new shares to fund its AI ambitions. By the end of the month, shares had given up 11%, according to data from S&P Global Market Intelligence . As you can see from the chart below, the stock fell steadily throughout the month. Meta is the only one of the four hyperscalers, which includes Amazon , Microsoft , and Alphabet , to not have its own cloud computing business, though a report broke in July that said it would launch one.
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