Meta, which owns Facebook, Instagram and WhatsApp, would not seem to be in the line of fire from tariffs, but Trump’s trade actions are hitting even social networking businesses. — JIM WILSON/The New York Times
When President Donald Trump announced sweeping tariffs this week, some of the biggest tech companies had obvious reasons for worry.
Apple, Dell and Oracle – which rely on hardware and global supply chains that are in the direct line of fire from tariffs – saw their shares go into free-fall. But there was another big tech company whose stock took a pummeling even though its core business has little to do with hardware: Meta.
