Stocks Meta Platforms, Inc - [META]
Meta Platforms, Inc is a world-renowned American corporation, a social media conglomerate headquartered in Menlo Park, California. Until October 2021, the company was called Facebook, Inc. - by the name of the social network, from which the history of the media conglomerate began.
How to buy META shares?
The purchase of any asset of the American stock market involves the use of the services of a reliable intermediary - a broker (neo-broker). The Fondexx company provides an opportunity for citizens of Ukraine to invest in META shares, you can buy shares by entering the trading terminal and making a few clicks on the platform.
History of the establishment and development of the company
The history of the company's foundation is a well-known example of a success story, when a company of friends decides to start a joint business, which in the future becomes a global, world-famous corporation. The founders of the company are students of Harvard College: Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, and the first prototype of the social network was created in 2004 - as a network for communication among students of American universities.
Over time, the audience of the network increased due to the expansion of access to the network to some schools and employees of Apple Inc. companies. and Microsoft, and already in September 2006 - Facebook became a publicly available social network, in which anyone, aged 13 and over, could register.
The public offering of the company's shares took place in May 2012, setting a record for the volume of IPO trading, and in December 2013 the company was added to the list of stocks in the S&P500 index.
The release or announcement of a new product or service of the company usually has a direct impact on the price of META shares, for example, in July 2020 it was announced the launch of such a product - "Facebook Shops", which gave commercial accounts the opportunity to create online stores directly on Facebook or Instagram. So after the company's shares rose by 6% in just a few days after the announcement.
Interesting fact about META
Changing the name of the company in October 2021 was a rather unexpected decision, but the company's management explains these changes as a declared statement about the company's transition to a sustainable strategy for the development of the metaverse and virtual reality.
Why do investors choose META?
Meta is one of the most powerful and valuable companies in the world, it is quite possible that this is the company that most people think of when it comes to the stock market. Meta belongs to the so-called Big Tech - the five largest American technology companies, the most recognizable players on the market. Rather rapid, but stable development of the company creates a feeling of reliability, and a large market capitalization demonstrates the importance of the company in the global business arena.
In addition, an attractive aspect of the company's business is the variety of products that Meta owns. In addition to the Facebook and Instagram social networks, Meta owns the Oculus VR company, which specializes in virtual reality, a promising and interesting direction in the field of modern technologies.
Among the potential risks for META investors, we can note possible changes in legislation in the markets where the company's products and services are presented, or precedents for legal proceedings. For example, in 2020, one of Australia's government agencies sued the company for violating user privacy rules. Unfortunately, similar situations involving the involvement of judicial authorities are increasingly happening with Meta, which significantly affects the value of the company's shares. Therefore, before buying any shares, we always recommend analyzing all potential risks and specifics of the field of companies that you choose as assets.