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Why Apple, Meta Platforms, and Salesforce.com Plunged Today

·4 min read
Why Apple, Meta Platforms, and Salesforce.com Plunged Today
In this article:
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Shares of Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: FB), and Salesforce.com (NYSE: CRM) were plunging today, down 5.6%, 6.8%, and 7.9%, respectively, as of 2:05 p.m. ET. There wasn't any material news out of these companies today, although Apple did announce it was leading an initiative to implement passwordless sign-in open standards for the web. In addition, news out of the European Union suggested stiffer rules for big tech, and potential penalties could be in the offing.