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META, previously known as Facebook, is a tech company based in California. With 2.91 billion users, Meta is best known for the development of Facebook, as well as owning Instagram and WhatsApp. The company runs its own payment systems, recently renamed as Meta Pay, as well as taking centre state in virtual reality.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Meta Platforms), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.
Meta Platforms is a major part of the NASDAQ, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).
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The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Meta rebranded from Facebook in October 2021 to reflect the fact that it would be shifting to build the “metaverse”, a virtual world with augmented reality features.
In early February, Meta reported that it hadn’t grown its monthly users, had seen a decline in its profits and that it was expecting no growth in revenue. It estimated that measures from Apple to protect user privacy would cost the company $10 billion in ad revenue (£8.2 billion).
Last November, Meta laid off 13% of its workforce (11,000 employees), saying that it had been a mistake to increase investments so “aggressively”. The company had incorrectly predicted that the surge in e-commerce that it saw during the coronavirus pandemic would continue. Meta faces the same challenges in 2023 as similar tech stocks.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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