June 17, 2026, 8:13 PM EDT. Meta Platforms shares fell 5.5% to $567.58, underperforming the Nasdaq's 1.34% drop as the Federal Reserve suggested possible future interest-rate increases. The Fed held rates steady at 3.50%-3.75% but highlighted inflation concerns and a 'hawkish tilt' toward tighter monetary policy. Meta's long-term profit bets face devaluation amid rising rates. Investor worries intensified after Meta announced Emily Dalton Smith's departure, the lead on its AI agent project Metamate, spotlighting execution risks in its AI push. Despite selloff pressures, Meta reported Threads app hitting 500 million monthly users, underlining ongoing growth amid tech sector headwinds.