If You Invested $1,000 in Meta Platforms in 2022, This Is How Much You Would Have Today
Meta Platforms (NASDAQ: META), the tech giant formerly known as Facebook, saw its shares surge to an all-time high of $382.18 during the buying frenzy in growth stocks on Sept. 7, 2021. That marked a ten-bagger gain from its IPO price of $38 in 2012. But by Nov. 4, 2022, Meta's stock had sunk to a seven-year low of $88.09.
Therefore, a $1,000 investment in its IPO would have briefly blossomed to over $10,000 before withering back to about $2,300. The bulls gave up on Meta as Apple's (NASDAQ: AAPL) privacy-oriented iOS update, fierce competition from ByteDance's TikTok, and the macroeconomic headwinds all curbed the growth of its core advertising business.
Image source: Meta Platforms.
Source Fool.com
Meta Platforms Inc. Stock
€470.95
0.200%
With 11 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 6.17% for Meta Platforms Inc. compared to the current price of 470.95 €.
