Meta May Finally Have a Product Hit. Is It a Game-Changer For the Stock?

Meta Platforms (NASDAQ: META) is one of the most successful and valuable companies in the world, but it may be known as much for its flops, as well as its wins.Meta's big bet on the metaverse hasn't gone well, and the company seems to have wasted billions or even tens of billions of dollars trying to make that happen. It likely overpaid for WhatsApp when it dropped $19 billion on the messaging app in 2014, and its biggest product successes in social media recently have been borrowed, like Stories from Snapchat and Reels from TikTok.Nonetheless, the company has built the world's biggest social media platform and an advertising business that is only topped by Google Search, and that's made Meta an unstoppable cash cow. Now, after struggling to take VR headsets mainstream for roughly a decade, Meta now seems to have its best candidate for a legitimate hit product.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool