Meta Plans to Launch a Twitter Rival App. Is Meta Platforms Stock a Buy?

By Neil Rozenbaum – Jul 5, 2023 at 10:15AM

NASDAQ: META

Meta Platforms

Market Cap

$1,124B

Today's Change

(-2.41%) -$10.66

Current Price

$432.62

Price as of April 29, 2024, 12:45 p.m. ET

Never bet against this social media giant.

Meta Platforms' (META -2.41%) Instagram is expected to launch a Twitter rival this week. In this video, I will talk about the state of the company, the monetization of WhatsApp, and the potential of additional subscription services such as Meta Verified and Quest+.

*Stock prices used were from the trading day of July 3, 2023. The video was published on July 4, 2023.

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. The Motley Fool has positions in and recommends Meta Platforms. 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.