Meta Platforms (NASDAQ:FB), which will soon change its symbol to META, has cratered over 38% based on a less than 0.05% drop in its daily active users (DAUs). Something is off with that. FB stock is probably undervalued and is now clearly a bargain. This article will look into why.
FB stock has fallen to $200.25 on Friday, March 4. This is down 38% from its price right before the results on Feb. 2 of $323.00 per share. And that is also after FB stock has drifted lower than its peak price of $382.18 on Sept. 7.
It appears to me that this whole sell-off has been overdone. Let’s look into some reasons why.
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