Is It Time To Get Out of Meta Stock? | Facebook Down 40%?
It has been a challenging year for Meta Platforms (Nasdaq: FB) as it continues to grapple with intensified scrutiny from both its users and regulators over privacy and antitrust concerns across its platforms. And now, FB’s “wobbly revenue outlook” is further pressured by rising competition as users shift from communications in text and images to short-form videos, a space currently dominated by TikTok while FB’s equivalent, Reels, remains in its rival’s shadow. Paired with mounting macro headwinds that have roiled the broader market this year, the FB stock has been traded down by about 25% since late-trading Wednesday after reporting fourth quarter earnings, bringing total year-to-date losses to as much as 28%.
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