Despite putting up a very strong earnings report earlier in 2026, the year-to-date (YTD) performance of Meta Platforms (NASDAQ: META) has been anything but impressive. Overall, the Magnificent Seven stock is down nearly 9% YTD despite shares popping 10% the day following the company's earnings release.
Even recent reports of large cost-cutting measures couldn’t do much to help shares. On March 13, Reuters reported that Meta was planning layoffs that could affect 20% or more of its workforce. Meta rose just over 2% during the next trading day but has since given back those gains and more.
