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332 Investors Lose the Plot on Meta Stock

The Information
Martin Peers @ The Information 2 place · 02/02/2024 18:13 EDT

Investors Lose the Plot on Meta Stock

Investors appear to have taken leave of their senses—at least with regard to the value of Facebook parent Meta Platforms. The stock rocketed 20% today, a rise fueled by the company’s robust fourth-quarter results, giving Meta a market capitalization of $1.2 trillion. (Bloomberg reported that the market value of today’s gain was the single biggest in history!) The stock is now trading at 7.6 times forward sales, while Alphabet is trading at 5 times, according to Koyfin data. That’s the biggest gap between th

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