Meta Platforms has been a beacon of strength in the stock market for most of last year, only to be engulfed by the tech sector’s widespread selloff. Despite the Q4 results surpassing expectations, the outlook for this year fell short of inflated hopes. CEO Mark Zuckerberg has set his sights on grand ambitions for the future, which require substantial investments and a successful market grab for businesses like WhatsApp. Investors are left pondering whether their optimism was overblown or if it was just a fleeting market fluctuation. It seems that Meta’s stock is like a mirage, looking grand from afar, but turning out to be an illusion upon closer inspection.
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