Meta Stock: Why Facebook Parent And Social Media Peer Reddit Are Slumping | Investor's Business Daily With fears about AI disruption and worries about the broader economy gripping Wall Street, strong digital advertising growth hasn't been enough to keep social media stocks afloat. That been true for Meta stock and 2024 breakout IPO Reddit (RDDT). Shares of Facebook parent Meta (META) are more than 20% off their six-month high while Reddit's stock has shed nearly half its value since January. Meanwhil ...