Social media and internet giant Meta Platforms (NASDAQ:META) is in troubled waters for various reasons. One prominent factor is competition. As short-form videos took over social media, Meta faced a bigger rival, TikTok. Besides TikTok, Alphabet’s (NASDAQ:GOOGL) (NASDAQ:GOOG) YouTube Shorts is also emerging as a formidable competitor. Growing competition and TikTok’s large scale will likely hurt Meta’s prospects and, in turn, its stock price.  Meta Facing the Heat Amid competition, Meta is transitioning its services toward short-form videos like Reels. Further, it witnessed strong Reels (short-form video) growth across Facebook and Instagram in the last reported quarter.
https://www.tipranks.com/news/article/competitive-headwinds-to-remain-a-drag-for-meta-platforms-nasdaqmeta?utm_source=advfn.com&utm_medium=referral
Grafico Azioni Meta Platforms (NASDAQ:META)
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Grafico Azioni Meta Platforms (NASDAQ:META)
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Da Dic 2021 a Dic 2022 Clicca qui per i Grafici di Meta Platforms