Meta Platforms (NASDAQ: META) has taken investors for a wild ride over the past year or two. The stock soared through much of 2020 and 2021, riding a boom in digital advertising like other tech stocks, but that gave way to an epic collapse last year as revenue growth ground to a halt, and its ambitious project in the metaverse turned into a massive money pit.
However, the stock has rebounded aggressively this year, doubling in the last few months after Zuckerberg promised investors that 2023 would be a "year of efficiency" and has since announced two rounds of layoffs.
After so much tumult, Meta now appears to be at a crossroads as it cuts costs and realigns its business. So is it a buy today? To answer that question, we asked two of our writers to give their bull and bear cases for the stock.
Source Fool.com