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Things May Finally Be Looking Up for Meta Stock

TheMotleyFool

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Things May Finally Be Looking Up for Meta Stock: https://g.foolcdn.com/editorial/images/718286/buy-sell-or-hold-meta-stock.jpg

Last year was brutal for Meta Platforms (NASDAQ: META). The Facebook, Instagram, WhatsApp, and Messenger parent's ad revenue suffered as a weak macroeconomic environment and changes to ad tracking and measurement on Apple's mobile operating system combined to create a significant headwind.

This headwind wreaked havoc on the stock, with shares of the tech company declining 65% last year. But The Wall Street Journal reported on Friday that there may be some signs of improvement in Meta's business -- something that could prove to be a catalyst for the stock.

Here's a look at why 2023 could be a decent year for Meta's business and possibly its stock, too.

Source Fool.com

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