This year’s Giving Tuesday asks people to donate to charity amid high inflation and a looming recession.
Few companies in the history of the stock market have undergone as dramatic of an implosion as Meta Platforms (NASDAQ: META), the parent of Facebook and Instagram. In a little more than a year, Meta has gone from a fast-growing, highly profitable and dominant social media advertising machine to a business in the middle of a questionable pivot to the metaverse whose core social media enterprise is suddenly unraveling. With that sell-off comes a potential opportunity as Meta shares certainly look cheap according to conventional metrics.
The metaverse was a hot topic last year, but the hype has largely fizzled out now that virtually every metaverse stock got hammered throughout 2022. Meta stubbed its toe on some short-term challenges, but there are at least three reasons why the stock could still deliver 25% investment returns in 2023. Most investors are fixated on Meta's metaverse ambitions, but the Family of Apps segment that houses Facebook, Instagram, and WhatsApp is still what butters Meta's bread.