Meta’s Stock Drops Twice After President Trump Calls Facebook ‘An Enemy of The People’

The stock of Meta, the parent company of Facebook, dropped on both days that President Trump called the social media platform “an enemy of the people.” On Monday, Trump did an interview on CNBC’s “Squawk Box,” criticizing Facebook after expressing his opposition to a bill going through the House of Representatives that will regulate TikTok. “Frankly, there are a lot of people on TikTok that love it. There are a lot of young kids on TikTok who will go crazy without it. There are a lot of users,” Trump said. “There’s a lot of good and a lot of bad…