Facebook and Instagram parent Meta Platforms (NASDAQ: META) is a trillion-dollar stock again after taking a two-year dip below that benchmark. Meta earned its gains the hard way, posting strong financial results in the last four quarters.

But I'm not a buyer of Meta stock right now. While Meta's recent surge might look attractive, the company and stock come with a few hard-to-swallow downsides.

Meta's big bet on the metaverse idea is not bearing fruit yet, its social media empire may be vulnerable to the incoming Web3 revolution, and overly enthusiastic investors seem to have lifted the sagging stock price far too high. As a result, Meta's stock looks pricey in a period of elevated risk.

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Source Fool.com