The growth in active users is astonishing given that it has already reached almost half of the world’s population. Nearly 3.65 billion people are using at least one of the apps by Meta and it grew at 4% YoY in the second quarter of 2022. Meta’s ever-growing Monthly Active Users (MAU) – The strong point of Meta is its huge domain base. Predict: Will Meta Rise Above $200 This Week? Meta Stock Forecast 2023: Bull Case Overall, Meta is not one of the good FAANG stocks to be preferred in the bullish market. It is also losing its space to platforms like Tiktok. Additionally, Meta might be witnessing a saturation in the daily active users. The declining ad revenue and the failure of Meta’s much anticipated Metaverse platform are hurting the company. Reality Labs is burning cash at a record pace. One of the main reasons for Meta’s revenue plunge was been the failure of its Reality Lab. However, the overall revenue for Q4 dropped 4% and earnings saw around a 52% YOY decline. This was the highest for the social media ain’t. Meta in the fourth quarter reported nearly 3 billion active users across all its social media platforms, Facebook, Instagram, and WhatsApp. Meta did not have a good 2022 as the overall profit of Meta was reduced to half. As of June 30, 2023, the company had an amount of $40.91 billion available and authorized specifically for future repurchases of its own stock.įacebook Stock Forecast: Should you buy or avoid Meta? bought back $793 million worth of its Class A common stock through share repurchases.
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