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Why Meta Platforms Stock Popped Today

Rich Smith, The Motley Fool
·1-min read
Why Meta Platforms Stock Popped Today

As CEO Mark Zuckerberg announced on Facebook today, Meta Platforms is testing out a new "subscriptions on Instagram" service that will permit popular creators on the site to profit from their hundreds of thousands of followers by selling "access to exclusive Lives and Stories." More importantly for investors, selling subscriptions on Instagram will give Meta yet another revenue stream as it takes a cut of these folks' subscription earnings. Not coincidentally, creating a new path to growth for Meta Platforms could be just the thing to turn Meta stock into a bona fide bargain stock.

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