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Will Meta Platforms Be a Trillion-Dollar Stock by 2030?

TheMotleyFool

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Will Meta Platforms Be a Trillion-Dollar Stock by 2030?

Meta Platforms (NASDAQ: FB) has been in the news lately for the wrong reasons, as the stock was clobbered after the company's fourth-quarter 2021 earnings report on Feb. 2, wiping out $200 billion from its market cap in a single day.

Meta's massive drop was triggered by a muted forecast for the current quarter, as well as the company's struggle with Apple's privacy changes that are expected to cost the social media giant at least $10 billion in revenue this year. The Facebook parent now has a market cap of $546 billion, which is a sharp decline from its $1 trillion-plus market cap just six months ago.