Yahoo Finance tech reporter Allie Garfinkle breaks down the declines Meta has seen in its own stock value, its competition with other platforms and app stores, and its forecasted losses expected from its Reality Labs branch.
TikTok has become enormously popular with teens and young adults around the world, but one U.S. senator is sounding the alarm on the security risks that the Chinese-operated app poses to the general public.
Few companies in the history of the stock market have undergone as dramatic of an implosion as Meta Platforms (NASDAQ: META), the parent of Facebook and Instagram. In a little more than a year, Meta has gone from a fast-growing, highly profitable and dominant social media advertising machine to a business in the middle of a questionable pivot to the metaverse whose core social media enterprise is suddenly unraveling. With that sell-off comes a potential opportunity as Meta shares certainly look cheap according to conventional metrics.