Waning demand in China and Elon Musk's Twitter endeavor have set the electric-vehicle maker back.
Meta was the sixth biggest U.S. company by market capitalization at the start of the year.
The tide has turned for previously unstoppable tech giants, with the NYSE FANG+ Index down 31% YTD.
The disclosure came in a quarterly regulatory filing.
The company says the reduced fees will help financial advisors better comply with the DOL rule.
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