Meta Platforms (META -4.54%) stock is getting hit with substantial sell-offs in Thursday's trading. The company's share price was down 4.3% as of 2:30 p.m. ET.

At the same point in the day's trading, the S&P 500 (^GSPC -1.44%) and the Nasdaq Composite (^IXIC -2.06%) were down 1.2% and 1.7%, respectively. Meta's stock had been off as much as 5.3% earlier in the day.

Despite some better-than-expected inflation data released in the last two days, investors are selling out of stocks again today in response to trade-war fears. Meta Platforms stock is also seeing a pullback in conjunction with news about its content-moderation policies and a recently published memoir from a former employee.

Meta Platforms stock sinks on trade-war concerns

Following yesterday's lower-than-anticipated Consumer Price Index (CPI) inflation report, today's Producer Price Index (PPI) report arrived with annual inflation of 3.2% -- below the consensus forecast's call for inflation of 3.3%. But concerns about the impacts of new tariffs and the potential for continued trade-war escalation are still causing investors to sell out of stocks today.

The S&P 500 is now down roughly 6% across 2025's trading, and the Nasdaq Composite is off 10%. Despite today's sell-off, Meta Platforms stock is still up 1% year to date.

What else is dragging Meta lower today?

In addition to bearish momentum for the broader market, Meta stock is seeing sell-offs in conjunction with two other news stories today. For starters, investors don't seem to be thrilled with the confirmation that Meta will be implementing the same open-source algorithm that X uses for its community-notes feature.

Reports have also emerged that Meta has sued to stop former employee Sarah Wynn-Williams from selling her recently published memoir. Wynn-Williams' book, Careless People, includes critical depictions of Meta's company culture and CEO Mark Zuckerberg's efforts to expand his company's operations in the Chinese market.