Facebook has fallen from grace after being the darling of the social media world for about a decade or so, and much of this decline can be attributed to the rather soulless impression that people have developed about the social media platform. This coupled with Apple’s new policy that restricted access to third party data has sent Facebook’s stock into a death spiral, and last year’s rebranding as Meta has not done much to fix the problem.
With all of that having been said and now out of the way, it is important to note that a confluence of different factors might further contribute to Meta’s stock price declining over the course of the rest of the years. Apple’s app tracking prohibition is a major cause for this, but in spite of the fact that this is the case there are other factors at play as well such as a higher degree of competition from platforms like TikTok as well as inflation forcing companies to slash their ad budgets.
Meta’s stock price has fallen by 52% this year, but they are by no means the worst performers. That dubious honor belongs to Snap. This struggling social media company has seen its share price fall by as much as 77%, and Pinterest has been having a bad year as well with its pandemic growth spurt fizzling out resulting in a 43% in the price of its shares.
Some might suggest that these declining share prices are commensurate with volatility in the wider market, but that is not factual since all of these stocks have performed significantly worse than the Nasdaq 100 with all things having been considered and taken into account.
It seems unlikely that Meta will be able to make a recovery before the year is out. That is bad news for the social media juggernaut because of the fact that this is the sort of thing that could potentially end up putting pressure on it to show its investors that it still has some potential for growth in the future, and the metaverse might not be enough for that.
H/T: Bloomberg
Read next: Here Are 5 of the Biggest Privacy Trends Among Consumer
With all of that having been said and now out of the way, it is important to note that a confluence of different factors might further contribute to Meta’s stock price declining over the course of the rest of the years. Apple’s app tracking prohibition is a major cause for this, but in spite of the fact that this is the case there are other factors at play as well such as a higher degree of competition from platforms like TikTok as well as inflation forcing companies to slash their ad budgets.
Meta’s stock price has fallen by 52% this year, but they are by no means the worst performers. That dubious honor belongs to Snap. This struggling social media company has seen its share price fall by as much as 77%, and Pinterest has been having a bad year as well with its pandemic growth spurt fizzling out resulting in a 43% in the price of its shares.
Some might suggest that these declining share prices are commensurate with volatility in the wider market, but that is not factual since all of these stocks have performed significantly worse than the Nasdaq 100 with all things having been considered and taken into account.
It seems unlikely that Meta will be able to make a recovery before the year is out. That is bad news for the social media juggernaut because of the fact that this is the sort of thing that could potentially end up putting pressure on it to show its investors that it still has some potential for growth in the future, and the metaverse might not be enough for that.
H/T: Bloomberg
Read next: Here Are 5 of the Biggest Privacy Trends Among Consumer
