2024-04-29 08:30:00 ET
Meta Platforms (NASDAQ: META) has been crushing it for investors in recent times. In the past three years, shares have soared 47% as of April 25. That gain is significantly better than the Nasdaq Composite Index 's 11% rise during the same time.
This social media enterprise continues to post stellar financial results, indicating its dominance in the digital advertising market on a global scale. But shareholders might be surprised to learn that the business has posted a cumulative operating loss of $42 billion in the past 12 quarters in an under-the-radar segment you might not be familiar with.
Is this unstoppable " Magnificent Seven " stock still a buy?
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In the Past 3 Years, Meta Platforms Lost $42 Billion in This Under-the-Radar Segment. Should You Still Buy the Unstoppable "Magnificent Seven" Stock?