Why Meta Platforms Stock Was Sliding Today
Shares of Meta Platforms (NASDAQ: META) were sliding today, in line with a broad sell-off in tech stocks and after the company launched a new VR subscription service that seemed to fail to excite investors.
As a result, the stock closed the session down 3.6%.
The big news out of Meta was the launch of its new VR subscription service, Meta Quest+, which costs $7.99/month or $59.99 annually. In exchange, subscribers will get two handpicked virtual reality games to play each month. Meta's offering a promotion for the service at just $1/month through July 31, and the company called it "the most affordable way to grow your library with killer content."
Source Fool.com
Meta Platforms Inc. Stock
€430.40
0.380%
We see a rather positive sentiment for Meta Platforms Inc. with 9 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.17% compared to the current price of 430.4 € for Meta Platforms Inc..
