Is Meta Platforms Stock a Buy Now?
Meta Platforms (NASDAQ: FB) stock is facing several challenges. The Federal Reserve has started raising interest rates to counter rising inflation, a move that hurts growth stocks more than average. Additionally, Meta faces headwinds from Apple's (NASDAQ: AAPL) privacy changes and increasing competition. Finally, rising competition from ByteDance's Tiktok and other social media sites is slowing user growth and engagement.
The forces mentioned above have combined to reduced Meta's stock price by 50% off its highs hit in September 2021. At a much lower price, this social media giant is now attracting value-conscious investors wondering if Meta Platforms stock is a buy right now.
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Source Fool.com
