Meta shares fell after the US election

As the US election results came out, major stock indices showed a sharp rise. However, the situation with Meta is the opposite, Investor’s Business Daily reports.

Experts note that the market was affected by the relationship between Trump and Zuckerberg. In particular, earlier this year, when Trump was already actively participating in the election campaign, he called Facebook an “enemy of the people.” In addition, Facebook blocked Trump’s personal account in 2021 after the storming of the Capitol.

Thus, amid the election results, Meta shares fell by 1.5%, which is not a very significant drop. But it is striking against the backdrop of other companies that have shown strong growth. At the same time, Meta shareholders are reassured by the fact that over the past year, Zuckerberg has tried to distance Facebook from political events. Donald Trump, in particular, has noted this in a positive way.