2024-03-20 11:17:00 ET
Facebook and Instagram parent Meta Platforms (NASDAQ: META) is a trillion-dollar stock again after taking a two-year dip below that benchmark. Meta earned its gains the hard way, posting strong financial results in the last four quarters.
But I'm not a buyer of Meta stock right now. While Meta's recent surge might look attractive, the company and stock come with a few hard-to-swallow downsides.
Meta's big bet on the metaverse idea is not bearing fruit yet, its social media empire may be vulnerable to the incoming Web3 revolution , and overly enthusiastic investors seem to have lifted the sagging stock price far too high. As a result, Meta's stock looks pricey in a period of elevated risk.
For further details see:
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