Facebook Stock: Is It a Good Buy Right Now?
Meta Platforms, the parent company of Facebook (Nasdaq: FB), released its fourth-quarter and full-year earnings for fiscal year 2021 on Feb. 2. The tech giant’s weak quarterly results and first-ever decline in active daily users sent the stock tumbling over 26%. It was the S&P 500’s largest-ever one-day decline, and it stripped the company of over $230 billion worth of market value, The New York Times reported. Does that mean you should rush out to buy the stock in the dip, hold off to see what happens next — or forget it entirely? Here’s what you need to know. Facebook by the Numbers…