Meta Stock Drops 3.48% Amid Senate Testimony

On April 10, 2025, Meta's stock experienced a 3.48% drop in pre-market trading, reflecting investor concerns and market sentiment.

Former Facebook global public policy chief Sarah Wynn-Williams testified before the U.S. Senate, accusing Meta of collaborating with China, posing a threat to U.S. national security and deviating from American values. She claimed that Meta developed customized censorship tools for the Chinese government, allowing "editors" to strictly control content, including service suspensions on sensitive dates like the Tiananmen Square massacre anniversary. Meta denied these allegations, with spokesperson Ryan Daniels asserting that Wynn-Williams' testimony was filled with false information and that Meta is not currently operating in China.

Wynn-Williams also highlighted Meta's technological advancements in China, including AI and facial recognition, and criticized Mark Zuckerberg for allegedly building a $180 billion enterprise in China while posing as a patriot. She expressed deep concern about Meta's relationship with the Chinese government, suggesting that data sharing could compromise the safety of American users' data.

During the same hearing, Wynn-Williams also accused Meta of targeting advertisements to teenagers based on their emotional states. She claimed that Meta uses technology to identify moments when teenagers aged 13 to 17 feel worthless, helpless, or failed, and shares this information with advertisers to exploit these vulnerable moments. Meta denied these allegations, stating that the claims were "detached from reality and full of false accusations."