Is Meta Platforms Stock a Buy?

Few companies in the history of the stock market have undergone as dramatic of an implosion as Meta Platforms (NASDAQ: META), the parent of Facebook and Instagram. In a little more than a year, Meta has gone from a fast-growing, highly profitable and dominant social media advertising machine to a business in the middle of a questionable pivot to the metaverse whose core social media enterprise is suddenly unraveling. With that sell-off comes a potential opportunity as Meta shares certainly look cheap according to conventional metrics.