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Meta Platforms Is a Great Business, If You Subtract the Metaverse Part

TheMotleyFool

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Meta Platforms Is a Great Business, If You Subtract the Metaverse Part: https://g.foolcdn.com/editorial/images/722779/meta_featured.png

Meta Platforms (NASDAQ: META), formerly known as Facebook, changed its name in 2021 to indicate its focus on all things metaverse. However, that transition has, quite frankly, been a disaster, with the stock down nearly 42% since the change.

Even though the metaverse segment gets the bulk of the attention, it doesn't make up much of Meta's revenue. So let's dive into Meta's business and see whether there's a portion worth investing in.

Advertising from Meta's social media platforms (like Facebook and Instagram) contributes most of the company's revenue.

Source Fool.com

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