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CNBC's "Fast Money"

Meta’s Rough Month… And Rate Hike Odds Rise 3/26/26

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 26 March 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Shares of Meta sinking as the social media giant faces penalties in 2 separate lawsuits. The small slap on the wrist in terms of fines, but the more impactful drop in shares over the last month. Plus, Rate hike odds increase as inflation forecasts rise, the impact on airlines as DHS shutdown continues, and the robotaxi milestone Waymo just cleared. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASAC, Marcus Identa Heart of New York City's Times Square, this is fast money.

0:05.0

Here's what's on tap tonight.

0:06.0

A meta meltdown shares of the tech giant at their lowest level, nearly a year.

0:10.0

How two legal losses this week weighed on the company and could there be more damage to come?

0:15.0

In trouble for travelers, wait times at some of the country's busiest airports getting longer as the partial government shutdown drags on, the impact it's having on the airlines and the broader economy.

0:25.5

Plus, Micron's rough run continues. Liquor Maker Brown Foreman gets its buzz back and the Robotaxy rivalry heats up the numbers out of Waymo that may be pressuring shares of Uber today.

0:36.8

I'm Melissa Lee. I'm Melissa Leakel with

0:37.6

you live in the studio be at the NASDAQ on the desk tonight. Tim Seymour, Karen Feinterman,

0:41.5

and Dan Ait. Reesome today. We start off with that massive drop in shares of meta, the

0:46.5

social media stock falling nearly 8% today. It's worst day. Since October, it is now down 15.5%

0:53.0

in March, making it the worst performing MAG7 stock this month.

0:57.0

The most recent weakness coming as juries in New Mexico and Los Angeles handed down penalties totally nearly $300 million, ruling META failed to adequately protect children using its platforms.

1:08.5

That's a relative drop in the bucket for a company that brought in more than $200 billion

1:11.8

in revenue last year, but the news has wiped out.

1:15.2

Nearly $150 billion from META's market cap in the last three days.

1:20.6

On top of that, META also cut several hundred jobs this week across its reality labs,

1:25.2

Facebook, and other divisions.

1:26.7

So what is next for the stock? Karen, I go to you first. Meta's a large position for you. It is. It's no longer the largest, a combination of reducing some exposure here today. You know, I didn't like this back-to-back news. The first one sort of thought it was like this one. I think it's going to be pervasive.

1:46.2

I don't know how it ends up. So there's the big uncertainty of ultimately where does this

1:49.9

end up. We don't know. And then I know we'll have a guest on later talking about 2.30

1:54.6

protection there and how that could that survive or not. That's really important. But also,

2:00.4

this used to be a different model company. We talk

...

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