From Nasdaq, Inc.:

Meta Platforms (NASDAQ: META), parent company of Facebook, has made a significant recovery on the stock market despite facing serious issues in mid-2021. Initiating cost-cutting efforts and increasing the use of AI on its platform have led to a 25% jump in revenue in Q4, bringing expenses down and net income up by 201%.

The tech giant’s market cap exceeded $1 trillion following its blowout Q4 results– in part, due to its massive ecosystem and potential for monetization. Ad revenue accounted for 96.5% of Meta’s $40.1 billion Q4 revenue, with the company making efforts to monetize business messaging on WhatsApp and exploring growth opportunities in the generative AI market.

Meta Platforms is now a dividend stock after announcing its intention to initiate a quarterly dividend, making it an attractive stock to buy and hold forever. Though it may face problems in the future, its underlying business and multiple growth avenues make it a noteworthy contender for investors.

However, the Motley Fool Stock Advisor analyst team did not include Meta Platforms in their list of 10 best stocks for investors to buy now, highlighting the potential for strong returns for those that did make the cut. The Stock Advisor service boasts a track record of tripling the return of S&P 500 since 2002, offering regular updates from analysts and two new stock picks each month.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook, is a member of The Motley Fool’s board of directors. Prosper Junior Bakiny has positions in Meta Platforms.

In summary, despite their past difficulties, Meta Platforms has made a significant turnaround and is worth considering for investment currently.



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