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Headwinds Will Slow Growth for Meta; Should Investors Sell Now?

·3 min read
Headwinds Will Slow Growth for Meta; Should Investors Sell Now?
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Meta Platforms (NASDAQ: META) held an internal conference on June 30, during which CEO Mark Zuckerberg told employees to brace for impact. Rising competition from short-form video site TikTok has also forced Meta to make adjustments, hurting sales in the near term. One of the significant insights from reports of the meeting was Meta's reduced plans for hiring.