Menlo Park, California-based Meta Platforms, Inc. (META) operates as a social technology company. The company develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables. With a market cap of $1.5 trillion, Meta is also involved in advertisements, augmented, and virtual reality.
Shares of this social media giant have outperformed the broader market considerably over the past year. META has gained 77.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.5%. In 2024, META stock is up 65.2%, surpassing the SPX’s 25.5% rise on a YTD basis.
