![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. meta stock price meta stock crash Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The third stock that could be worth more than Tesla by 2040, but is the longest shot to surpass it based on its current market cap, is fintech stock PayPal Holdings ( PYPL -2.15). So, Zuckerberg probably has a winner on its hands with Threads and that’s positive for Meta Platforms’ stakeholders.Īll in all, this ongoing story should benefit Meta Platforms in 2023’s second half, so be prepared for META stock to easily reach $350 before the year is over. Meta Platforms (META 1.54), the social media giant formerly known as Facebook, became a trillion-dollar company in June 2021.Three months later, its market cap peaked at 1.08 trillion. Meta Platforms stands to gain massive revenue if Threads can capture market share from Twitter.Īnd, as the old saying goes, practically any publicity is good publicity. ![]() The rivalry between Zuckerberg and Musk might be considered juvenile, but there’s a lot of money at stake here. In response, Zuckerberg tweeted a cartoon image depicting one Spider-Man pointing at another Spider-Man. Musk recently tweeted, “I’m sure Earth can’t wait to be exclusively under Zuck’s thumb with no other options.” Then, Musk proposed a cage-fighting match with Zuckerberg. Most importantly, Meta Platforms and Threads should benefit from the publicity as the rivalry and between Zuckerberg and Musk heats up. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Threads now has an opportunity to capture some market share if disgruntled users and advertisers leave Twitter. A high-level overview of Meta Platforms, Inc. For example, under Musk’s leadership, users can simply buy blue check marks on Twitter, instead of having to earn them as influencers.įurthermore, Twitter reportedly experienced an outage and then imposed a temporary limit on the number of tweets that Twitter’s users could read. Why would so many users potentially abandon Twitter in favor of Threads? Perhaps, it’s because they don’t like the way Musk is running Twitter.
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