Meta Platforms Inc. (until October 28, 2021 — Facebook Inc.) is an American multinational holding company, the parent of Facebook, Instagram, WhatsApp and Oculus. It’s one of the Big Five tech giants, along with Amazon, Alphabet (owns Google), Apple and Microsoft.
Why did Meta stock grow?
Meta stock rose 10% last week after the news about price cuts for VR headsets. For investors, it signalled the possibility of development of new similar devices, and an opportunity for growing demand for Meta products.
Meta stock prospects
Despite the buzz around the metaverse, the future of Meta stock, first of all, depends on the ad targeting and the state of the economy. At the moment, the price is merely climbing to its previous level after the report in early February.
How to trade Meta stock
In the Olymp Trade’s FX mode, you can profit both on the fall and rise in the prices of the US companies’ assets.
When using the x20 multiplier, a 1% price change gives a 20% potential profit.
The average movement of META stock:
Per day: 4% (x20 = 80%)
Per week: 10% (x20 = 200%)
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