Why Are Shares of Meta Crashing After Earnings?

By Neil Rozenbaum – Apr 25, 2024 at 4:00AM

NASDAQ: META

Meta Platforms

Market Cap

$1,146B

Today's Change

(2.33%) $10.28

Current Price

$451.96

Price as of May 3, 2024, 4:00 p.m. ET

Meta stock is down after the company reported Q1 earnings. Is the stock a buy right now?

In this video, I will go over Meta Platforms' (META 2.33%) first-quarter earnings report. The company reported a beat on top and bottom lines, but that wasn't enough.

*Stock prices used were from the trading day of April 24, 2024. The video was published on April 24, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Meta Platforms and Tesla. The Motley Fool has positions in and recommends Meta Platforms and Tesla. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.