Meta Platforms sinks as BofA downgrades on worries over increased ad spend pressure

Oct. 24, 2022 7:45 AM ETMeta Platforms, Inc. (META)SNAPBy: Chris Ciaccia, SA News Editor18 Comments

Facebook Covers Sign At Menlo Park Headquarters

Justin Sullivan

Meta Platforms (NASDAQ:META) fell on Monday as Bank of America downgraded the tech giant on worries over increased pressure on advertising spending.

Analyst Justin Post moved his rating on Meta (META) to neutral from buy noting

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