Meta Platforms Stock Is Sliding: What's Going On?

$Meta Platforms(META.US)$ shares are trading lower Monday. What's going on?
Meta shares may be facing selling pressure following a New York Times report suggesting TikTok is close to reaching an agreement with U.S. lawmakers that would allow it to make changes to its data security and governance in order to avoid a sale.
According to people familiar with the matter, TikTok and the Biden administration have put together a preliminary agreement that aims to resolve national security concerns around the short-form video app.