Meta Platforms (META) has become the last of the Magnificent 7 mega-cap technology stocks to fall into negative territory for the year.
Following a 4% decline on March 18, Meta’s stock is now down 0.45% in 2025, sliding into negative territory and losing its previous year-to-date gains.
The social media company’s decline is notable coming as it does after a record setting rally to begin the year that saw the company’s share price rise for 20 consecutive trading sessions.
At its peak, Meta Platforms’ stock was up 26% year to date.
But now, Meta’s stock has erased all those gains and become the last of the Magnificent 7 to slip into the red on the year.
The selloff in Meta’s stock comes amid a broad market selloff that has seen the benchmark S&P 500 index fall into a correction defined as a decline of 10% or more from recent highs.
Meta Platforms, and other large technology companies, have come under pressure from analysts and investors as they ramp-up their investments in artificial intelligence (A.I.).
For its part, Meta has said that it plans to spend up to $65 billion U.S. on A.I. initiatives in 2025.
At the same time, technology stocks have been upended by U.S. trade tariffs and geopolitical tensions.
Consequently, most of the Magnificent 7 stocks that include Apple (AAPL), Microsoft (MSFT) and Nvidia (NVDA) are down 20% or more from their 52-week highs and in a bear market.
Bloomberg’s Magnificent 7 Total Return Index is down 16% this year and more than 20% off its December peak.
Meta Platforms’ stock is currently trading at $582.36 U.S. per share.
