Why Investing in Meta Platforms Stock Could Be a Lucrative Opportunity
Saturday, 4 May 2024, 16:47
Investing Insights: Meta Platforms Stock
Investors are worried history is repeating itself with Meta Platforms. Meta Platforms (NASDAQ: META) stock has been on quite a run in 2024, with the stock up around 20% this year. Normally, investors would consider that a pretty good year, but up until a week ago, that figure was over 40%.
Meta's Strategic Shift
- Company Background: Meta Platforms, formerly known as Facebook, continues to drive revenue through its social media platforms alongside its shift towards the metaverse and cutting-edge products.
- Reality Labs Division: Despite losses, the Reality Labs division has shown potential for revenue growth, but recent aggressive AI investments stir concerns of repeat mistakes.
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