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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
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Meta becomes final Magnificent 7 stock to turn negative in 2025

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Ryan Vlastelica
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March 18, 2025, 3:52 PM ET
Meta  tumbled into negative territory Tuesday, becoming the last of the so-called Magnificent Seven stocks to turn lower this year.
Meta tumbled into negative territory Tuesday, becoming the last of the so-called Magnificent Seven stocks to turn lower this year.Chris Unger/Zuffa LLC
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Meta Platforms Inc. tumbled into negative territory Tuesday, becoming the last of the so-called Magnificent Seven stocks to turn lower this year.

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The Facebook parent fell more than 4%, extending a recent selloff. Its decline is especially notable as it comes in the wake of a historic rally that saw shares gain for an unprecedented 20 straight sessions. At its peak, the stock climbed nearly 26% in 2025, but it has since erased all those gains. 

Meta has lost a certain amount of flexibility given their investments into artificial intelligence, according to KeyBanc Capital Markets analyst Justin Patterson, who cut his price target on the stock to $710 from $750, citing “greater macro uncertainty.” 

“The challenge we see today is that the AI cycle is increasing fixed costs” at Meta, “which limits the ability to reduce expenses in a downturn,” Patterson wrote in a note, which also said Google parent Alphabet Inc., another Magnificent Seven company, faces similar headwinds.

Tech has come under broad-based pressure this year as the economic outlook has been roiled by the Trump administration’s policies on tariffs and questions about the direction of the AI trade. The Magnificent Seven stocks — Apple Inc., Microsoft Corp., Nvidia Corp., Amazon.com Inc., Tesla Inc., Alphabet and Meta — are seen as particular beneficiaries of AI.

The Bloomberg Magnificent 7 Total Return Index is down 16% this year, and more than 20% off its December peak. Among notable decliners, Tesla is down 44% this year, while Alphabet is down 17%, and both Apple and Nvidia are off 14%. The index is lower by over 2% on Tuesday.

Meanwhile, the broader Nasdaq 100 Index is down 7.3% so far this year, recently falling into a correction. The tech-heavy index is currently more than 12% below its own peak.

Big tech’s two-year outperformance has made it a favored place for investors to take profits amid the uncertainty. 

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