Check out the companies making the biggest moves in midday trading: Meta Platforms — The social media giant tumbled more than 6%. Meta lost two major legal cases concerning child safety this week. While the financial penalties aren’t large relative to the company’s size, Meta’s losses in court raise questions around Big Tech’s role in social media safety and free speech protections on these platforms. AppLovin – The app marketing company saw shares drop almost 8%. Shares fell on a report that weakening e-commerce spending trends are hurting AppLovin and that the company hasn’t seen sufficient new client momentum to offset churn in the first quarter. Separately, Piper Sandler said in a Wednesday report that it believes the company continues to “out-execute peers and all signs point toward strong E-Com adoption.” Brown-Forman — Shares of the Jack Daniels owner rose more than 14% after Bloomberg reported that French spirits company Pernod Ricard is considering a bid for Brown-Forman. Scotts Miracle-Gro — Shares fell more than 4% after the lawn and garden products company was downgraded to neutral from overweight at JPMorgan. The analyst said “raw material issues are likely to cause some earnings growth uncertainties.” Best Buy — The electronics retailer’s stock popped 4% without any specific news driving it. Gordon Haskett analysts told clients there has been speculation tha …
