Meta Platforms

META or Meta Platforms, Inc., formerly known as Facebook, Inc. is a multinational technology conglomerate based in California. It is part of the Big Five American IT companies, alongside Alphabet, Amazon, Apple, and Microsoft.

 

Founded by Mark Zuckerberg, Meta is listed on the Nasdaq exchange and owns the largest social network, comprised of Facebook, WhatsApp, and Instagram.

 

In October 2021, billionaire Zuckerberg announced to the world his vision to build an alternate virtual existence through augmented reality and virtual reality technologies.

 

The move to create a completely digital environment created doubts in investors, causing META to lose momentum on the charts.

During the COVID-19 pandemic, META, along with the rest of the Big Five companies, paved the way to recovery for the US stock market. These are several factors that may affect the stock price of META:

 

• Company news that raises investor anxiety, such as profit and loss reports, massive layoffs, and leadership changes.


• Advancements in the AR and VR industry. Upgrades bring META closer to its vision of an alternate reality. This can potentially make the company more appealing to investors.


• Public lawsuits tend to cause price drops. Multiple entities have filed numerous lawsuits against Meta Platforms due to a perceived mishandling of user data, among other legal concerns. The effects, however, are usually short-lived and META recovers quickly.