5 Stocks Making Headlines on Monday

2. Meta Platforms, Inc. (NASDAQ:FB) has fallen 3% as of 10:59 AM ET after a New York Post report revealed that a group of shareholders is dissatisfied with the weak style of leadership exhibited by Mark Zuckerberg, causing the stock to lose 34% of its value since the start of the year. The investors are planning to present two resolutions at the annual shareholder’s meeting that would provide oversight on Facebook, Instagram, and the potential ‘dystopian downsides’ of Zuckerberg’s adventure into the metaverse.

Meta Platforms, Inc.’s (NASDAQ:FB) advertising business has come under fire due to privacy restrictions imposed by Google and Apple. Meta Platforms, Inc. (NASDAQ:FB) is also facing multiple antitrust lawsuits with claims that Zuckerberg lied to his investors regarding the adverse impact of Instagram on teens.

Out of the 924 hedge funds covered by Insider Monkey, 224 funds had a stake in Meta Platforms, Inc. (NASDAQ:FB) as of Q4 2021.