Meta Platforms Posts Strong Revenue Growth, but Stocks Slide on Spending Concerns
Meta Platforms (NASDAQ: META) has reported impressive revenue growth for its latest quarter. However, the company’s announcement about increasing spending led to a decline in its stock price.
*Stock prices used were the afternoon prices of Oct. 30, 2024. The video was published on Nov. 1, 2024.
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*Stock Advisor returns as of October 28, 2024
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook, and sister of Meta Platforms CEO Mark Zuckerberg, serves on The Motley Fool’s board of directors. Parkev Tatevosian, CFA has no positions in any mentioned stocks. The Motley Fool holds and recommends shares of Meta Platforms, following a disclosure policy. Parkev Tatevosian is affiliated with The Motley Fool and may receive compensation for promoting its services. His views are his own and remain unaffected by The Motley Fool.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
