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Meta stock is up 8% after the company reported Q2 earnings. Is the stock a buy right now?
In this video, I will go over Meta Platforms' (META 2.44%) second-quarter earnings report and crucial comments made during the earnings call regarding the big losses in Reality Labs, the success of Reels, and the monetization of WhatsApp. The company reported a big beat on top and bottom lines, and the market is loving it.
*Stock prices used were from the trading day of July 26, 2023. The video was published on July 27, 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.
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