The two advertising giants are grappling with macroeconomic headwinds as companies worldwide pull back on marketing spending. This video will highlight which is the best stock to buy right now: Meta Platforms (NASDAQ: META) or Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
The road ahead of these businesses is a lot smoother than you'd think by looking at their stock prices.
Meta Platforms (NASDAQ: META) is pouring billions of dollars into developing the metaverse, but CEO Mark Zuckerberg is still building up another major pillar of his business. Before Meta's virtual reality headsets and metaverse software turn into a substantial source of revenue growth, Zuckerberg thinks there's still a lot of room to grow WhatsApp. The company bought the text app in 2014, back when Meta was still called Facebook, for the equivalent of $21.8 billion in stock.