Meta Plunges 2.99% Amid Regulatory Challenges, AI Leadership Shakeup

On April 3, 2025, Meta's stock experienced a 2.99% drop in pre-market trading, reflecting investor concerns and market sentiment.

Meta's CEO, Mark Zuckerberg, visited the White House on April 2, 2025, marking his third visit since the Trump administration took office. This visit comes at a critical time as Meta faces several regulatory challenges, including the upcoming federal antitrust trial and ongoing discussions on AI policy. The meeting highlights Meta's efforts to engage with the government on key issues affecting its business.

Meta's tax practices in Korea have also drawn scrutiny. The company reported earning nearly 10,000 billion Korean won from its Korean advertising business but paid only 54 billion won in corporate taxes. This discrepancy has sparked criticism and raised questions about Meta's tax strategies, which involve transferring a significant portion of its revenue to its Irish subsidiary as "advertising procurement fees."

In the AI sector, Meta's Fundamental AI Research (FAIR) team is undergoing a significant change with the departure of its leader, Joelle Pineau. Pineau, who has been instrumental in FAIR's success, will leave the company in May 2025. Her departure has sparked discussions about the future direction of FAIR and the potential impact on Meta's AI initiatives. Meta is actively seeking a new leader to continue FAIR's innovative work and maintain its competitive edge in the AI field.