Meta Platforms, Inc. (FB) is the world’s largest social media network, providing some of the most popular applications to connect and communicate online, such as Facebook, Instagram, Messenger, WhatsApp, and Oculus, which makes virtual headsets for gaming and entertainment. The main revenue source for Meta Platforms comes from the advertising business. The corporate rebrand to Meta Platforms, from the previously named Facebook, comes at a time when investors need to consider three different factors that could impact the business prospects of this leading social media empire. I am bearish on FB stock considering all three of these factors.
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Meta Platforms (NASDAQ:FB)
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Meta Platforms (NASDAQ:FB)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Meta Platforms Charts.