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Barchart
Barchart
Dipanjan Banchur

Is Meta Stock Underperforming the Nasdaq?

Meta Alphabet Facebook

Meta Platforms, Inc. (META), headquartered in Menlo Park, California, formerly Facebook, is renowned as the world’s largest social media company with apps like Facebook, Messenger, Instagram, and WhatsApp. Valued at $1.21 trillion by market cap, the company also provides augmented and virtual reality-related products comprising consumer hardware, software, and content, helping people to move from 2D screens toward immersive experiences.

Companies worth $200 billion or more are generally described as “mega-cap stocks,” and META definitely fits that description. The company is the sixth most valuable publicly traded company in the Nasdaq Composite after Microsoft (MSFT), NVIDIA Corporation (NVDA), Apple Inc. (AAPL), Alphabet Inc. (GOOGL), and Amazon.com, Inc. (AMZN).

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