Why Meta Platforms Stock Is Up Today

Shares of Meta Platforms (NASDAQ: FB), the recently renamed Facebook, jumped on Monday. As of 11:35 a.m. ET today, the stock was up more than 3%.

The stock's gain is likely being driven both by a pretty bullish day for the overall stock market on Monday and reports that Meta Platforms' Oculus virtual reality (VR) headset may have been a blockbuster hit this holiday season.

Image source: Getty Images.

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Source Fool.com