Meta Platforms stock drops as China reviews Manus AI deal, legal risks resurface
Meta shares fell 2.2% to $646.20 Wednesday after reports that Chinese officials are reviewing its $2 billion acquisition of AI startup Manus, raising the risk of regulatory delays. A U.S. appeals court also appeared skeptical of Meta’s bid to dismiss lawsuits over alleged harm to children. C.J. Mahoney was named chief legal officer, succeeding Jennifer Newstead, who will join Apple in March.