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JPMorgan downgrades Meta as it is 'embarking on an expensive, uncertain, multi-year transition'

Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.
Igor Golovniov | SOPA Images | LightRocket | Getty Images

JPMorgan downgraded shares of Facebook-parent Meta Platforms after a disappointing quarterly report.

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