Meta Faces Weight Cut in Nasdaq 100’s Special Rebalance

A “special rebalance” of the Nasdaq 100 Index will have Meta, the social media giant behind Facebook, pared back.

  • Meta will get a downward revision alongside Apple Inc., Microsoft Corp., Alphabet Inc., Nvidia Corp., Inc., and Tesla Inc.
  • At Wells Fargo & Co., the team originally forecast Meta’s weight would be reduced. They later withdrew that view, before ultimately finding out their initial take was correct.

Click here to read more.