Mar 19, Kathmandu- Social media platform Facebook has once again been targeted by former US President Donald Trump and that has some Wall Street investors panicking.

Facebook's parent company Meta has been a very successful company in the stock market in recent days. But Meta's share price fell 4 percent on Monday after Trump called Facebook an enemy of the people in a conversation with CNBC.

Earlier on Friday, after Trump posted on his social media platform Truth Social calling Facebook the real enemy of the people, Meta's shares fell by 1.2 percent. Facebook's market capitalization has fallen by more than 60 billion dollars since the attack launched by Trump on Thursday evening.

According to analysts, the only reason for the drop in Meta's share price is the anti-Facebook expression of Donald Trump, who is also the former president of the United States and a possible future president.

Gil Luria, an analyst at DA Division, says, 'This is entirely the result of former President Donald Trump's comments. Facebook has gone through a wave of being dragged into political controversy and it has never been pleasant for it.

He argued that the ban on Tik Tok would benefit Facebook on the contrary. He has a complete enmity with Facebook.

In an interview with CNBC, Trump said, "The absence of TikTok means making Facebook bigger, which I don't want." And, I think that Facebook is the enemy of the people and many media are also responsible for that.

On January 6, 2021, Facebook banned Trump for 2 years after the riots by Trump's supporters in the US Parliament. Metta lifted the ban on Trump on Facebook and Instagram only in February 2023.

Trump said, "I think Facebook is very dishonest. This Facebook is very bad for our country especially during elections".