After hitting its all-time-high price just a little less than a year ago, Meta Platforms, Inc.'s (NASDAQ: META) stock has headed south over the next few months.
Investors are concerned about whether the company can adapt to new challenges -- such as the rise of short video app TikTok and change in iOS's policy -- and the massive (but loss-making) bet on the metaverse.
Meta's latest result confirms that these concerns are not baseless, as it reported its first decline in quarterly revenue.
Source Fool.com