🔴 Meta Platforms is trading 5% down today amid a sharp technology selloff

Meta Platforms is trading at CA$31.56 (-4.98%) as its decline coincides with a sharp technology selloff.

• Investors are reassessing AI-related risks after the midterm election results; reports cite concerns about tighter scrutiny and slower data-center construction.
• Qualcomm’s weak handset outlook added pressure to technology shares. No clear company-specific catalyst for Meta Platforms’ drop was identified.
• Reuters reported Meta was among large-cap tech stocks rising earlier in the session; the supplied live price indicates a later reversal not explained by that earlier report.