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Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation

Wall Street doesn't seem worried the tech firms will take significant financial hits to their businesses from Congress.

In one memorable exchange, Sen. Josh Hawley, R-Mo., compelled Zuckerberg to stand up and apologize directly to parents who believed that Meta's Facebook and Instagram apps had contributed to the death of their children. That same year, its shares were in free-fall, due in part to a weak economy and the effects of the Apple iOS privacy update that made it more difficult for companies to track users across the web. Advertising experts and analysts believe these retailers include the fast-rising startups Temu and Shein, two companies that U.S. lawmakers have previously complained are unfairly benefiting from certain trade rules because of their connections to China.

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