Why Meta Stock Popped on Friday
Shares of Facebook parent Meta Platforms (NASDAQ: FB) rose by as much as 3.5% Friday morning, and were still up 0.8% as of 11:55 a.m. ET.
The social media company likely got a boost from an upbeat early morning for the Nasdaq Composite, which was initially up by more than 1%, but was down by more than 1% just before noon. Additionally, Meta shares may be rebounding a bit from a brutal sell-off that has pushed the stock down by more than 40% year to date.
Investors have been worried about Meta's slowing revenue growth rate and losses from its Reality Labs segment, which includes its augmented and virtual reality products and services.
Source Fool.com
