Source: news.google.com
Editor’s Note: Seeking Alpha is proud to welcome Jake Speers as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money with his best investment ideas. Active contributors also get free access to SA Premium. Click here to know more »
Facebook was once known as the best social networking site on the web and is still considered the largest in terms of users. Recent bad press, along with increased competition (TikTok, Twitter, Snapchat (SNAP), etc.) and slowing user growth have led Mark Zuckerberg to focus on Metaverse, even changing Facebook’s name to Meta. Platforms (NASDAQ: GOAL).
That transition hasn’t been the smoothest, as the stock price fell more than 75% from a high of $378 in September 2021 to a recent low of $89 in…
Read More at news.google.com