Why I Am Holding on to My Meta Platforms Shares

Shares of tech giant Meta Platforms (NASDAQ: FB), the company formerly known as Facebook, have been volatile recently, dropping by 3.8% in the past three months -- the S&P 500 is up by 4.7% in the same period. But, what's behind this poor performance? First, Frances Haugen, a former employee of Meta, came out with some damaging information about the company. She alleges that Meta knows about the harmful impact Instagram (which it owns) has on teenagers, and teenage girls in particular, but chooses profits over the health of this vulnerable population, among other things.

This scandal presents a risk for Meta, but there's another issue weighing on the company. Apple made significant changes to its mobile operating system and put privacy and security at the forefront of its updates. The result? Users are opting out of tracking services, which could affect Meta's advertising revenue. These two challenges could continue to haunt Meta for a while, but I am not too worried as a shareholder, despite all the noise. Here's why I am not letting go of my Meta shares.