I’m torn aboutMeta Platforms(NASDAQ:FB) because its core Facebook business is social media done right (or right-ish). True, the social network has courted more than its fair share of controversies. However, the scope of influence is unprecedented and Facebook offers a utilitarian profile that competing platforms lack. Arguably, this is the main reason why Facebook’s age demographics are more evenly distributed and less peaky than its rivals.
But the thing is, we must set aside our personal feelings about our prospective investments and recognize when certain initiatives are simply not working. The fact that FB has suffered a 43% decline YTD and is down 40% over the trailing year may be enough for some folks to put it in a list of large-cap stocks to avoid.
Another issue that works against Meta Platforms is its transition to the metaverse. Personally, I’ve joined the chorus of critics that say theinnovation is overhyped. In a world ofshortened attention spans, it’s possible that Meta is betting big on a passing fad. Therefore, you might want to stay away.$Meta Platforms, Inc.(FB)$
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