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Facebook Slams the Brakes on Hiring: Should You Sell Meta Stock?

TheMotleyFool

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Facebook Slams the Brakes on Hiring: Should You Sell Meta Stock?: https://g.foolcdn.com/editorial/images/687994/slide-3-facebook-mark-zuckerberg-source-facebook_IwBi46v.jpg

Things are going from bad to worse for Meta Platforms (NASDAQ: META).

The Facebook parent is coming off the slowest growth in its history, with revenue up just 7% in the first quarter, and the company said that growth will be even slower in the second quarter.

Meta is facing a swirl of challenges, including Apple's crackdown on ad targeting, the rise of TikTok, tightening privacy laws in Europe, headwinds in digital advertising, and a questionable rebrand to prioritize its metaverse business, Reality Labs, which is currently a giant money pit.

Source Fool.com

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