Why Meta Platforms Stock Popped, Then Dropped, Today
Buy the rumor, sell the news: That seems to be both the mantra and the lament of investors in social media star Meta Platforms (NASDAQ: META).
Over the weekend, both the rumors and the news sounded pretty propitious for Meta, as Threads, the company's just-introduced answer to Elon Musk's Twitter, has rocketed quickly to 100 million subscribers just five days after it was launched.
Sucked in by the enthusiasm, investors bid up Meta stock more than 2% this morning. But by 12:15 p.m. ET on Monday, it had already given up those gains, and was falling into the red, down 1.1%.
Source Fool.com
Meta Platforms Inc. Stock
€498.05
5.550%
With 23 Buy predictions and 3 Sell predictions Meta Platforms Inc. is one of the favorites of our community.
With a target price of 535 € there is a slightly positive potential of 7.42% for Meta Platforms Inc. compared to the current price of 498.05 €.
