1 Reason Meta Platforms Crashed This Week, And 1 Reason to Buy

By Neil Rozenbaum – Jun 23, 2022 at 11:00AM

NASDAQ: META

Meta Platforms

Market Cap

$1,254B

Today's Change

(-10.56%) -$52.12

Current Price

$441.38

Price as of April 25, 2024, 4:00 p.m. ET

The company can't catch a break, but that might be an opportunity for long-term investors.

In this video, I will be talking about why Meta (META -10.56%) crashed again this week and why it might be time to buy the stock.

The company will hold off revenue sharing on Facebook and Instagram until 2024 to attract more creators to the platform. Bank of America analyst Justin Post says that this will affect 2023 revenue by less than 1%.
Mark Zuckerberg introduced Meta Pay (previously Facebook Pay), which will also be used as a digital wallet for the metaverse.
The company launched Crayta on Facebook Gaming. This is a game development platform very similar to Roblox.

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*Stock prices used were the closing prices of June 22, 2022. The video was published on June 23, 2022.

Bank of America is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Meta Platforms, Inc. The Motley Fool has positions in and recommends Meta Platforms, Inc. and Roblox Corporation. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.