Meta Platforms (META) is starting to show signs of stability after plunging from its high. Though there are serious issues weighing on its fundamentals, including Apple's (AAPL) privacy-focused iOS updates, rising competitive pressure from TikTok, and a waning advertising landscape, there's no denying the unprecedentedly low multiple. At less than 14x trailing earnings, the bar is set so low that even the most subtle hint of improvement in the Family of Apps business could spark a rebound. For this reason, I remain bullish on Meta stock. Meta's Weak Q2 Numbers Offered a Glimmer of Hope Going into Meta's latest Q2 earnings results, investors were expecting numbers bordering on catastrophic.
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Meta Platforms (NASDAQ:META)
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Meta Platforms (NASDAQ:META)
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