#1 - Facebook, Inc. (NASDAQ:META)
Facebook, Inc. (NASDAQ: FB) - It stands to reason that as social media continues to dominate our culture, it would draw the attention of those who would like to see it regulated. The whole idea of social media is to allow for unfiltered self-expression. However, that expression is being seen by liberals as hate speech and by conservatives as politically biased. Both sides are also concerned about privacy (i.e. large volumes of consumer data sitting in one spot is an easy target for hackers), but that is an issue that Facebook is already starting to address and it stands to reason that having more government oversight may not equal more privacy. A larger issue for Facebook is potential antitrust regulation. In 2018, the “Freedom from Facebook” movement was launched. The movement would like to break up Facebook into its composite parts (Facebook, WhatsApp, Instagram, and Messenger), promote content sharing between social media platforms, and impose stricter privacy rules. While the movement has some support, it does not appear to be reaching critical mass and Facebook's stock is currently up almost 20% YTD as of this writing. However, Facebook more than other social media stocks have tended to draw the attention, and ire, of Congress so the situation warrants careful observation.
About Meta Platforms
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
Read More - Current Price
- $613.65
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 37 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $634.71 (3.4% Upside)
