Meta Platforms Stock: Buy, Sell, or Hold in 2023?
Facebook rebranded itself as Meta Platforms (NASDAQ: META) on Oct. 28, 2021. Since that fateful day, Meta's stock declined more than 60% as it repeatedly disappointed its investors with its sluggish growth, feverish spending, and opaque plans for the future. Rising interest rates and other macro headwinds exacerbated that painful sell-off.
That crash stunned many investors who considered Meta to be reliable blue-chip tech stock. Let's compare the main reasons to buy, sell, and hold Meta to see if this out-of-favor tech giant will finally bounce back in 2023.
Image source: Meta Platforms.
Source Fool.com
