Facebook stock has dropped by over 16% in the last four months something mostly attributed to the declining daily Facebook users and Meta’s disappointing Q4 2021 report.
However, most investors believe that the stock has hit bottom and a bounce-back could be around the corner.
To help stock investors interested in investing in Facebook stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Facebook stock?
Facebook stock is the stock of Meta Platforms, Inc., formerly known as Facebook, and it trades on the US on the NASDAQ Stock Exchange under the symbol NASDAQ: FB.
Meta Platforms, Inc., is a technology company based in Menlo Park, California, US. Though it has its headquarters in the US, it is a multinational technology conglomerate that operates several popular social media platforms used by billions of people around the world.
Meta is the parent company of WhatsApp, Facebook, and Instagram, among others.
Should I buy the Facebook stock today?
If you want to invest in a stock that is rising after a considerable price drop, then Facebook stock could be a good choice.
However, there are concerns after Facebook shifted its focus to the metaverse, its disappointing Q4 2021 report, and declining daily users.
Facebook stock price prediction
There is a growing concern among investors since Meta turned its focus to the metaverse and the reported decline in daily users of the social media platform Facebook. As a result, most analysts have mixed expectations with some believing that the dip has hit bottom and others expecting the stock to register further drop.
$FB stock social media coverage
The post Where to buy Facebook stock: it has seen a 16% drop in four months appeared first on Invezz.