Take Advantage of the Dip and Scoop Up This Magnificent 7 Stock, Down 10% from Highs

Meta Platforms Inc. (META), formerly known as Facebook Inc., is a developer and producer of software and related products that enable people to connect digitally with friends and family through the internet. Meta owns and runs popular social media sites such as Facebook, Instagram, Messenger, Threads, and WhatsApp, while also producing virtual reality and augmented reality products, such as its VR headset Oculus. Users can access its Family of Apps through mobile devices, computers and laptops, virtual reality headsets, and wearable devices.

Established in 2004, the company is headquartered in Menlo Park, California. With a massive market cap of $1.23 trillion, “Magnificent Seven” member META has rallied 66% over the past year, easily outpacing the broader Nasdaq-100 Index ($IUXX). In 2024 alone, the Big Tech stock is 38% higher.