META - 3 Reasons I Would Stay Far Away From Meta Platforms Stock
2024-06-28 03:35:00 ET
Want proof that investors have short memories? Just look at the stock of Meta Platforms (NASDAQ: META) . This year, it's one of the hottest companies in the market, rising by 45% after already climbing 194% in 2023. But in 2022, it was in a brutal tailspin, losing 64% of its value as many investors were convinced it was going to continue going lower.
Such is the investing world these days where fear can convince investors that a stock is headed for zero, and a new trend in tech can set its trajectory back toward the moon the next day. The truth, as is usually the case, lies somewhere in the middle. Meta isn't the do-no-wrong stock it is today, nor was it the complete and utter failure that it looked like in 2022.
Still, the stock's elevated $1.3 trillion valuation makes it overdue for a sell-off. Here are three reasons to avoid Meta stock right now.
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3 Reasons I Would Stay Far Away From Meta Platforms Stock