Why Meta Platforms Stock Bucked the Market's Trend and Rallied Friday

Despite the market's dour mood on Friday, shares of Meta Platforms (NASDAQ: META) rallied, gaining as much as 3.1%. As of 3:03 p.m. ET, the stock was still up 1.9%.It was not one catalyst that sent the social media and artificial intelligence (AI) giant higher, but rather a flurry of developments, each from a different quarter.The first major development was in the Supreme Court case brought by TikTok. Congress recently passed a law, scheduled to take effect on Jan. 19, that would effectively ban the social media platform in the U.S. if it isn't sold by its parent company in China. That law cited national security concerns and TikTok's close ties with the Chinese government. Based on how they approached the question during oral arguments in the case on Friday, it appears a majority of justices are inclined to let the law take effect.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool