(VIANEWS) – Shares of Meta Platforms (NASDAQ: META) jumped by a staggering 31.47% in 21 sessions from $136.98 at 2023-01-13, to $180.09 at 13:57 EST on Tuesday, following the last session’s upward trend. NASDAQ is rising 0.26% to $11,922.68, following the last session’s upward trend.
Meta Platforms’s last close was $179.43, 24.25% under its 52-week high of $236.86.
About Meta Platforms
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 18.52%.
Yearly Top and Bottom Value
Meta Platforms’s stock is valued at $180.09 at 13:57 EST, way below its 52-week high of $236.86 and way higher than its 52-week low of $88.09.
Sales Growth
Meta Platforms’s sales growth is negative 1.1% for the current quarter and 2.5% for the next.
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