Will recommend $Meta Platforms, Inc.(FB)$ to him. Meta is dominant in the world of digital advertising, and analysts expect double-digit revenue growth in 2022 and 2023. The stock still hasn't recovered from the sell-off following its February earnings release, in which FB revealed both an expected 2022 revenue headwind from $Apple(AAPL)$iOS privacy changes andnloss incurred by its metaverse division, called Reality Labs. While these are legitimate concerns, it's still awfully rare to see a FAANG stock trading for 16 times earnings, as FB does now. Plus, while the metaverse pivot may be expensive and rocky, CEO Mark Zuckerberg has put up a fantastic track record for shareholders, and other rocky pivots in the company's history – perhaps most notably the shift to mobile in 2012 – were eventually rewarded.
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