Why Meta Platforms Stock Slumped on Monday

Meta Platforms (META -1.22%) received some discouraging news from the highest court in our land Monday, and investors reacted accordingly. They traded the bellwether social media stock down by more than 1% after digesting the legal headlines, on a day when the S&P 500 index closed in positive territory with a 0.2% bump higher.SCOTUS says noThe news came from no less an entity than the U.S. Supreme Court, which declined Meta's request to essentially duck a large class action lawsuit by the company's advertis ...