What's Going On with the Drop in Meta Stock?

Meta Platforms shares fell after a weak technical setup and broader Communication Services weakness left the stock exposed to selling pressure. META traded below its 20-day, 50-day, 100-day, and 200-day moving averages, with momentum indicators still negative. The stock was down 3.23% to $579.77 at publication, lagging the sector’s 0.8% decline by about 2.23 percentage points. Traders are watching $606 as resistance and $577 as support, while the shares remain far below the 52-week high of $796.25 and down 26.26% over the past year. A German privacy complaint tied to Ray-Ban Meta smart glasses added a small headline risk, but the article’s main driver was technical weakness rather than a fundamental change.