Tech Stocks are in deep trouble as most of them have shed YTD gains. Meta Platform (NASDAQ:META) could see further sell off after the European Commission accused the Facebook parent of violating the EU’s antitrust laws. The EU also said the social media giant could face possible changes to its business practices or be fined up to 10% of its global annual revenue if the commission finds sufficient evidence of a violation.
Shares of Meta and Microsoft are both held in Jim Cramer’s Charitable Trust portfolio. Economic challenges across the world, combined with pressures on Meta’s core business has created a perfect storm of skepticism about the investments