CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Meta Platforms plunges 6.0% amid potential EU restrictions

17:59 6 December 2022

Meta Platforms (META.US) stock fell over 6.0% on Tuesday as European Data Protection Board has raised concerns over social media giant targeted ad sales across its Facebook and Instagram platforms, according to WSJ. 

EU officials ruled against Meta's practice of offering users the chance to 'opt-in' to agreements that allow it to create targeted ads based on their online activity. This may have a negative impact on a company's financial performance, as ad revenue is its main source of income.

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app

Meta Platforms (META.US) stock fell sharply on Tuesday and is currently testing major support at $116.25, which coincides with the upward trendline, 50 SMA (green line) and 23.6% Fibonacci retracement of the last upward wave. Should break lower occur, the remaining retracements may be considered as support level. On the other hand, if buyers manage to halt declines here, then another upward impulse towards recent high at $124.50 may be launched. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back