Full Answer
What is Facebook’s new stock symbol?
That’s because the company formerly known as Facebook (FB) will no longer use the “FB” symbol it’s had since its 2012 initial public offering. Instead, it will be trading under the new symbol of “META” as of Thursday.
Why not “meta” for the Metaverse ticker?
Initially, the company said it would change its ticker symbol in December 2021 to “MVRS,” a vowel-deficient version of Metaverse. Why not “META”? Meta Platforms was originally unable to announce that it would use “META” as its new symbol, because there already was an exchange-traded fund that had that ticker: the Roundhill Ball Metaverse ETF.
How do I find the stock price of Mark Zuckerberg’s company?
If you want to find the stock price of Mark Zuckerberg’s company, typing the familiar “FB” ticker on your favorite search engine, brokerage firm app or financial news site (hopefully this one!) will soon give you an error message or redirect.
Why is Meta Stock down 42% since October?
Since the announcement in October, Meta’s stock has fallen almost 42%. In February, it dropped 26% in a single day, on the heels of a Q4 2021 earnings report that revealed stagnant user growth as the company shifted its resources to metaverse-related ambitions.
Why did Facebook lose stock?
Topline. Shares of Facebook parent Meta fell over 25% on Thursday—erasing over $230 billion in market value for its worst trading session in history—after the company's dismal quarterly earnings report showed declining users and surging expenses related to the company's metaverse project.
Will Facebook stock split soon?
Although other tech companies with similar market caps, such as Amazon, Apple and Tesla, have announced a stock split this year, it is unlikely to happen to Facebook.
Is Facebook a good stock for 2021?
What the Analysts Say. Of 44 analysts covering Facebook in February, 17 rate the stock a “strong buy” and 24 rate it a “buy,” according to Yahoo Finance. That's down from January 2021, when 18 rated it a “strong buy” and 30 rated it a “buy,” but analysts see Facebook's current troubles as temporary.
Is Facebook a good long term stock?
FB is trading near all-time lows at 14.4X forward 12-month earnings. This marks 38% value compared to its own five-year median and a 45% discount to its industry. Alongside its valuation, Meta boasts a stellar balance sheet, with no long-term debt and $48 billion in cash and equivalents.
Is Meta Platforms stock a Buy, Sell or Hold?
Meta Platforms stock has received a consensus rating of buy. The average rating score is and is based on 77 buy ratings, 17 hold ratings, and 3 sel...
What was the 52-week low for Meta Platforms stock?
The low in the last 52 weeks of Meta Platforms stock was 169.00. According to the current price, Meta Platforms is 115.46% away from the 52-week low.
What was the 52-week high for Meta Platforms stock?
The high in the last 52 weeks of Meta Platforms stock was 384.33. According to the current price, Meta Platforms is 50.77% away from the 52-week high.
What are analysts forecasts for Meta Platforms stock?
The 97 analysts offering price forecasts for Meta Platforms have a median target of 349.73, with a high estimate of 500.00 and a low estimate of 21...
Is Meta Platforms a buy right now?
44 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last twelve months. There are cur...
When is Meta Platforms' next earnings date?
Meta Platforms is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022. View our earnings forecast for Meta...
How were Meta Platforms' earnings last quarter?
Meta Platforms, Inc. (NASDAQ:FB) posted its quarterly earnings data on Wednesday, April, 27th. The social networking company reported $2.72 EPS for...
What price target have analysts set for FB?
44 Wall Street analysts have issued twelve-month price objectives for Meta Platforms' shares. Their forecasts range from $220.00 to $466.00. On ave...
Who are Meta Platforms' key executives?
Meta Platforms' management team includes the following people: Mr. Mark Elliot Zuckerberg , Founder, Chairman & CEO (Age 38, Pay $25.29M) Mr. Da...
What is Mark Zuckerberg's approval rating as Meta Platforms' CEO?
1,667 employees have rated Meta Platforms CEO Mark Zuckerberg on Glassdoor.com . Mark Zuckerberg has an approval rating of 93% among Meta Platform...
Who are some of Meta Platforms' key competitors?
Some companies that are related to Meta Platforms include Equinix (EQIX) , SEA (SE) , Twitter (TWTR) , eBay (EBAY) , CoStar Group (CSGP) , Ve...
What other stocks do shareholders of Meta Platforms own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Meta Platforms investors own include Alibaba Group (BABA)...
What is Meta Platforms' stock symbol?
Meta Platforms trades on the NASDAQ under the ticker symbol "FB."
How much is Facebook stock worth in 2020?
How has Facebook's stock price been impacted by COVID-19 (Coronavirus)? Facebook's stock was trading at $170.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FB shares have increased by 111.1% and is now trading at $359.37.
When is Facebook earnings call?
How can I listen to Facebook's earnings call? Facebook will be holding an earnings conference call on Wednesday, July 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-977-9140 with passcode "21995877".
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NASDAQ: FB
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A former employee urged Congress to step up oversight of the company. Is the social media empire unraveling?
Score another win for the Facebook ( FB 1.39% ) haters. The company was put on the defensive once again last week when whistleblower Frances Haugen, a former product manager at the company, testified to Congress.
NASDAQ: FB
Before we explore the question of whether it's time to sell Facebook, let's take a look at what the direct effect from Haugen's testimony will be.
Regulation will eventually come
Regulation is likely to come to social media, and it should. After all, other forms of media have rules and restrictions in many of the ways Zuckerberg is asking for. Children under 17 can't see an R-rated movie without an adult, and TV shows and video games come with warnings of explicit content, as did music in the analog days.
Facebook's reputation is a vulnerability
Events like Haugen's also hurt the company's reputation. That's a risk because it damages the company's brand with another important audience: current and prospective employees.
But there's good news
All that may be true, but the vast majority of Facebook users probably won't care about Haugen's comments. In fact, most of them probably won't even know about them. After all, most of Facebook's users don't speak English and haven't been keeping up with the U.S. Congress.
No reason to sell
The risks to Facebook always seem exaggerated next to its benefits. Ultimately, the company provides real value to its users. Otherwise, they wouldn't use it.
Topline
Shares of Facebook parent Meta fell over 25% on Thursday—erasing over $230 billion in market value for its worst trading session in history—after the company’s dismal quarterly earnings report showed declining users and surging expenses related to the company’s metaverse project.
Key Facts
Shares of Facebook parent Meta Platforms are on pace for their biggest one-day drop ever, falling over 25% and erasing more than $230 billion in market value.
Contra
While Meta’s near-term growth outlook was “disappointing,” 2022 will be a significant year for the company as it ramps up its foray into the metaverse, according to analysts at Bank of America, who maintain a “buy” rating on the stock.
Key Background
Since going public at around a $100 billion valuation in 2012, Facebook has posted share gains every single year except 2018, starting off this year with a market capitalization close to $1 trillion.
Further Reading
PayPal Stock Crash Wipes Out Over $50 Billion In Market Value After Company Lowers Profit Outlook ( Forbes)
