Meta: Absolute Moat As King Of Social Media - Reiterate Buy
Portfolio Pulse from
Meta Platforms, Inc. (META) is recommended as a Buy due to its dominance in social media with 3.29 billion users, strong advertising revenues, and operating margins. The potential US ban on TikTok could further boost META's digital ad spending leadership in 2024.
November 05, 2024 | 8:45 pm
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Meta Platforms, Inc. is recommended as a Buy due to its strong position in social media, with 3.29 billion users and robust advertising revenues. The potential US ban on TikTok could enhance its digital ad spending leadership in 2024.
META's dominance in social media and strong advertising revenues make it a compelling Buy. The potential TikTok ban in the US could further enhance its market position, leading to increased digital ad spending in 2024.
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