Is Meta Platforms Stock a Buy? [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
company joining Apple and Microsoft at the $1 trillion-plus market capitalization level, investors might wonder if the stock is still a buy in 2024. A resilient advertising business The last few years have been a roller-coaster ride for Meta's core advertising business. It started with a huge boom due to the COVID-19 pandemic, which drove the demand for digital services (including digital advertising) through the roof, lifting most technology companies. Meta's advertising business reported solid revenue growth of 21% and 36% in 2020 and 2021. However, the boom didn't last long. The reopening of global economies and a series of issues -- among them, Apple's privacy policy enhancements and competition from video company TikTok -- dragged on Meta's results in 2022. That year, revenue fell by 1% while operating income shrank by 25%. Investors accustomed to Meta's historical growth rates were shocked. Fortunately, the downturn was temporary, and Meta's "Family of Apps" business w
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News
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- META's page on the SEC website