Why Meta Platforms Stock Climbed on Monday
Shares of Meta Platforms (NASDAQ: FB) bucked the broader market downtrend on Monday, surging as much as 3.4% before ending the day up just 1.4%
The catalyst that drove the social media giant higher was excitement regarding Horizon Worlds, the company's social virtual reality (VR) platform and its current template for the metaverse.
After more than a year in beta testing, Meta Platforms (the company formerly known as Facebook) has expanded access to Horizon Worlds. Admission to the budding metaverse is free for those 18 or older using Meta's Oculus Quest 2 headset in the U.S. and Canada. It also requires a Facebook account and lets users interact with up to 20 other participants at a time.
Source Fool.com
