In this video, I will be talking about why Meta (NASDAQ: META) crashed again this week and why it might be time to buy the stock.
- The company will hold off revenue sharing on Facebook and Instagram until 2024 to attract more creators to the platform. Bank of America analyst Justin Post says that this will affect 2023 revenue by less than 1%.
- Mark Zuckerberg introduced Meta Pay (previously Facebook Pay), which will also be used as a digital wallet for the metaverse.
- The company launched Crayta on Facebook Gaming. This is a game development platform very similar to Roblox.
For the full insights, do watch the video, consider subscribing, and click the special offer link below.
*Stock prices used were the closing prices of June 22, 2022. The video was published on June 23, 2022.
10 stocks we like better than Meta Platforms, Inc.
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now… and Meta Platforms, Inc. wasn’t one of them! That’s right — they think these 10 stocks are even better buys.
*Stock Advisor returns as of June 2, 2022
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Neil Rozenbaum has positions in Meta Platforms, Inc. The Motley Fool has positions in and recommends Meta Platforms, Inc. and Roblox Corporation. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.