Meta Platforms (NASDAQ: META) stock has been on quite a run in 2024, with the stock up around 20% this year. Normally, investors would consider that a pretty good year, but up until a week ago, that figure was over 40%.

Thanks to a 10% plummet the day following its earnings report, Meta lost a lot of ground it had gained. But unlike some investors, I don't think this news is a reason to sell; it's one to buy.

Meta Platforms is probably better known by its former name, Facebook. Even though it changed its name a couple of years ago, Meta Platforms is still driven by its social media platforms: Facebook, Instagram, Threads, WhatsApp, and Messenger.

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Source Fool.com