Menlo Park, California-based Meta Platforms, Inc. (META) is one of the world's largest social media platforms, with a market cap of $1.4 trillion. The company develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables.
Shares of this social media giant have outpaced the broader market over the past 52 weeks. META has rallied 30.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.7%. Moreover, on a YTD basis, the stock is down 2.3% compared to SPX’s 4.7% decline.
