Will Meta tank if Kamala Harris wins?

Photo source: In Photos: The Life Of Kamala Harris

As the 2024 U.S. presidential election approaches, Wall Street is buzzing with speculation about the potential consequences of a Kamala Harris victory. With her history of advocating for stricter regulations on major tech companies, many investors are left wondering: Could Meta platforms face a significant downturn if Harris takes the White House?

The Harris effect: A looming threat to Meta

Kamala Harris has made it clear that she intends to scrutinize companies perceived as monopolies. In her own words, she stated, “I think we have to seriously take a look at [a Facebook breakup], yes. We have to recognize it for what it is: It is essentially a utility that has gone unregulated. And as far as I’m concerned, that’s got to stop”.

This statement encapsulates her regulatory philosophy and raises alarms for Meta platforms, which include Facebook, Instagram, WhatsApp, and other products under Mark Zuckerberg's control.