Investing in Meta Platforms 10 years ago would have led to significant growth.

From Nasdaq: 2024-12-03 08:30:03

Investors are driven by stock price changes and the fear of missing out on popular tech and consumer stocks. Meta Platforms has evolved into the world’s largest social media platform with multiple apps like Instagram and WhatsApp. With revenues of $134.9 billion in 2023, Meta faces tough competition but is expected to see more growth due to AI utilization.

Analysts anticipate more upside for Meta Platforms as the company benefits from steady user growth and increased engagement across its offerings. Leveraging AI and reaching over 3.2 billion people daily, Meta is investing in developing advanced models. Shares have rallied 5.73% in the past four weeks, with positive earnings estimate revisions for fiscal 2024.

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Read more at Nasdaq: Here’s How Much a $1000 Investment in Meta Platforms Made 10 Years Ago Would Be Worth Today