Is Meta Platforms a Top Growth Stock Again?
When Meta Platforms (NASDAQ: META) was known as Facebook, it was one of the top growth stocks. Since its name change to Meta Platforms, signaling a shift in business focus, the company hasn't put up nearly the same results.
But after it reported second-quarter earnings, that sentiment may have shifted. Can investors call Meta Platforms a growth stock again? Or is it categorized as something different? Let's find out.
Despite its name change, 99% of revenue still comes from its family of apps: Facebook, Instagram, Messenger, WhatsApp, and now Threads. That revenue is mostly advertising related, which saw a rough patch in the latter half of 2022 when fears of a recession ran rampant.
Source Fool.com
Meta Platforms Inc. Aktie
507,80 €
-0,02 %
Leichte Buy-Präferenz bei der Meta Platforms Inc. Aktie.
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