The advent of the World Wide Web is credited for several latest technological developments. Social networking is also one of them. The recent decade has witnessed great popularity in the use of social networking platforms. In this regard, Meta (formerly called Facebook) is categorized as a prominent player. At the start, the platform has a limited span of online social networking services.
Nonetheless, its growing popularity and further developments assisted it in gaining a significant place within the industry as well as maintaining it. At present, its chief social network company Facebook has an enormous user base of more than 2.9 billion. In addition to this, in the year 2021, the parent company of Facebook rebranded and declared Meta as its new name. With this, the platform started expanding into another dimension named “Metaverse.”
The virtual reality-based Metaverse obtained a lot of attention in recent times. The latest VR devices of Meta have also witnessed a remarkable rate of sales. The above-mentioned Metaverse denotes the upcoming revolutionizing sector of the Internet. It is considered to be a digital space responsible for merging the physical world and virtual reality with the use of technologies like augmented reality (AR) and virtual reality (VR).
Meta: An Introduction
Meta was established as TheFacebook back in 2004’s February by some students from Harvard University. They included Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Eduardo Saverin. The platform was initially open to just those with email addresses provided by Harvard. Nonetheless, the revolutionary brand – with its capability to provide an exclusive online social experience – became famous within the 1st month of its commencement.
With time, the social networking platform started getting external investments. The initial investment of up to $500,000 was made by Peter Thiel (a venture capitalist). Following that, in 2005’s April, a stunning $12.7M was also invested in Facebook by Accel Partners. As a result of this, TheFacebook’s cumulative valuation reached $98M. In the same year, the platform recompensed $200,000 to secure the domain and removed the ‘The’ from the title thereof.
This paved the way for Facebook’s gradual expansion with the required financial support. At the end of 2006, it accrued up to 12 million consumers as anyone above 12 was permitted to make an account with a usable email address. Following that, it joined Microsoft and entered into a bid to enhance its advertising technology. Both collaborators provided the latest possibilities related to the advertising and marketing world.
In the year 2012, Facebook became a top platform. It secured the 3rd spot among the biggest web firms within the United States coming after Google as well as Amazon. In the same year, Facebook moved toward its IPO. In this way, Facebook officially went public. Along with this, the company purchased its social media rival Instagram for nearly $1B. The platform’s developments did not stop there as it moved on to acquire the p2p instant messaging application “Whatsapp” as well as Oculus VR. Cumulatively, it brought seventy-eight firms under its umbrella.
Meta Stock Price Statistics
|Market Cap:||$556.72 Billion|
|Current High Price:||$305.00|
|Current Low Price:||$80.00|
Origin of Meta
In the year 2021, Mark Zuckerberg declared a rebrand of the platform to Meta. According to him, this would better represent the company’s vision as compared with the former name. Metaverse turned into a household term after Facebook’s rebranding into Meta. Neal Stephenson is credited to coin the word “Metaverse” in his novel “Snow Crash” which was published in 1992. At that time, Zuckerberg announced that the platform would invest almost $10 billion per year in the respective concept.
Additionally, other technology platforms like Microsoft, Google, Qualcomm, and Nividia are also making investments of billions into the respective idea. Meta has made many developments in this respect. Zuckerberg stated that the Metaverse offers a great opportunity due to several reasons. As per him, it enables a comprehensive social experience where a person can have a realistic feeling of being present with others irrespective of what he/she is doing.
Meta additionally disclosed that the latest mission of the platform is to assist people in connecting, finding communities, as well as grow their businesses. Moreover, it announced launching the latest tools related to the development of this concept. Presence Platform is Meta’s tool that will enable experiences of mixed reality on the VR headset Oculus Quest 2. Apart from that, a $150M investment has also been promised by the company to drive the creators’ next generation in the Metaverse sector.
Use Cases of Metaverse
Along with Meta’s entry into the Metaverse sector, this space turned into a universe that has everything in virtual form. Consumers can shop, learn, play, work, connect, and so on. Meta’s Metaverse endeavors include Horizon Worlds, Horizon Workrooms, and Horizon Venues. Horizon Worlds comprises a continuously-expanding social universe that contains more than 10,000 worlds with exclusive experiences.
In addition to this, Meta Quest VR devices are also offered by the platform to use VR technology, physics, and controllable animation to imitate items in the real world. These devices also offer films, sports, interactive puzzles, music, and multiplayer gaming. Horizon Workrooms is structured to animate the in-person experience of the workplace. The respective virtual space takes into account collaboration instruments for businesses.
Horizon Venues of Meta targets simulating the event spaces with computation to offer similar experiences. Other than Meta, some other entities are also making great progress in the Metaverse sector. Roblox is a prominent gaming forum that enables consumers to select games to play with the use of Metaverse technology.
Microsoft has also developed digital solutions with the Metaverse to train engineering and manufacturing employees. The platform has additionally been collaborating with the US Army for the development of virtual training projects for soldiers. The Project Starline of Google is another top take in this respect. It uses holographic technology for video conferencing. It is developed to simulate in-person communication.
A Recent Downturn
In the previous year, Meta went through its initial year-over-year revenue slump when the cumulative earnings of the company dipped to $28.8B. Several journalists and analysts credited the respective loss to the limitations posed by the App Tracking Transparency feature of Apple and several people who did not want to be tracked by the apps offered by Meta.
Zuckerberg mentioned that the decline was because of the elevated competition posed by TikTok. In 2022’s October, the market value of Meta dropped to $268B. This indicated a dip of up to 700B from the previous year. As a consequence, Meta dismissed 11,000 employees from its staff, denoting thirteen percent of the cumulative workforce of the platform.
After that, Zuckerberg acknowledged that the firm had made a mistake by increasing the investment endeavors thereof. In his words, Meta’s anticipation of analogous progress after the COVID-19 pandemic was wrong. The platform’s former spike in revenue was majorly caused by the pandemic restrictions as people were limited to home while using their computers and mobile devices.
Meta Stock Price Prediction: Price History
For investors, it is important to have an understanding of the history of Meta stock to comprehend the future outcomes. After going public in 2012, Meta Platforms, Inc. is considered to be among the top social networking forums. It possessed the biggest as well as most anticipated IPOs in business history.
On the 18th of May in the same year, Facebook released 421,233,615 shares. Each of the shares had a price of nearly $38. As a result, it collected $16B. This elevated Meta’s position within the stock market. The current price of up to $211.49, in comparison with the initial price of $38 displays a 5-time increase witnessed during the recent decade. The recent price performance of META’s stock price in line with the historical data has been steady somehow.
The data about the stock prices have indicated that META stocks witnessed 20 green days with positive price performance during the recent 30 days. This signifies a 67% success rate. On the 4th of April this year, META stocks witnessed a price surge at 216.24. The entire previous month has been seeing a gradual price increase. At the start of March 2023, the META’s price stood at 174.59 but the current price is $211.49. This price growth is anticipated to keep its momentum.
Meta Stock Price Prediction: Technical Analysis
The stock market trend analysis signifies that the overall sentiment regarding Meta stocks is neutral. Predictive analytics tools for stock market investments have been utilized to gauge the fear and greed index. As per the analysis, the index is at the 39 mark, showing fear. In line with the statistical models for stock market analysis, the last 30 days have seen the volatility of up to 7.33% in the stock prices of META.
Keeping in view the risk management strategies for stock market investments, META’s stock has fallen by up to -9.5% during the year 2022. The historical data analysis tools for stock market predictions point out that META’s 50-day SMA is nearly $182.44. Apart from that the 200-day SMA is nearly $151.10. Furthermore, the charting software for stock market trend analysis specifies that META’s 14-day RSI is almost 50.67. According to the algorithmic trading systems for stock market investments, the price momentum will enhance in the future.
Meta Stock Price Prediction 2030
The technical analysis software for stock market predictions suggests that the Meta stock shares will witness a price rise of up to 2.35% in the coming days to reach $216.51 by the 11th of this month. Machine learning-based forecasting software for stock prices point out that the next years up till 2030 will be important in terms of Meta’s stock prices.
Meta Stock Price Prediction 2023
The current year seems to provide a headstart to the stock value of Meta as the recent price hikes have presented. Quantitative analysis tools for predicting stock prices imply that META can reach $277.22 by the middle of 2023 in terms of stock prices.
Meta Stock Price Prediction 2024
The upcoming year will see a considerable increase in Meta’s stock prices as they will cross the $500 spot. The market data analysis tools for predicting stock prices reveal that the META will reach $459.38 by 2024’s mid. After that, based on the predictive analytics, the stock value can even touch the figure of up to $612.51.
Meta Stock Price Prediction 2025
For 2025, the META stock shares are anticipated to trade around the price of nearly $522.74 in the initial half of the year. On the other hand, $696.99 is predicted to be the price of META stocks in the latter part of 2025.
Meta Stock Price Prediction 2026
In 2026, the stock prices of META are anticipated to remain around $792.04 in the 1st half. Nevertheless, the 2nd half of the year will potentially see a spike in the prices as they may reach 1056.05 by 2026’s end. Reaching beyond the $1000 spot will be a significant achievement on the part of Meta.
Meta Stock Price Prediction 2027
The quantitative analysis discloses that in the early 6 months of 2027 Meta’s stock price can be around $1267.26. However, the next 6 months will likely witness a boost in the price as META will reach $1689.68 by 2027’s end.
Meta Stock Price Prediction 2028
The stock prices of Meta are predicted to be at approximately $1568.24 by 2028’s initial 6 months. In the following period of the year, the META stocks can even reach $2090.98
Meta Stock Price Prediction 2029
After crossing the price level of $2000, $2059.3 will be the price level for the META stocks in the first six months of 2029. After that, the prices can go up to $2745.73 in the 2nd half.
Meta Stock Price Prediction 2030
As per financial data, 2030 will witness $2670.75 as the price level of META stocks during its initial half. In the next months, the prices may cross the price level of $3000 to reach $3561.
Artificial intelligence-based investment analysis tools have been utilized along with fundamental and quantitative analytics to anticipate the respective price forecasts. Even then, the price predictions cannot be deemed 100 percent accurate as several economic indicators play the role of variables that can alter future results. Financial forecasting software for stock market investments can be utilized to get a clear picture of market trends.
The investors are advised to use portfolio optimization techniques for stock market investments. They should also use advanced trading systems for stock market investments. Investors should also keep an eye on the trading signals to take the right investment decisions in time. This can help them make a fine investment strategy. Most importantly, doing first-hand research is recommended to have a good idea about the suitable stocks for investment.
What is Meta and how did it start?
Meta, formerly known as Facebook, is a leading social networking platform founded in 2004 by Harvard University students Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Eduardo Saverin. It began as a platform exclusively for Harvard students but quickly gained popularity and expanded its user base over time. The company has since acquired numerous other companies and rebranded to Meta in 2021 to focus on the development of the Metaverse.
What is the Metaverse?
The Metaverse is a virtual reality-based space that merges the physical and virtual worlds using augmented reality (AR) and virtual reality (VR) technologies. It aims to provide comprehensive social experiences and enable users to shop, learn, play, work, and connect in a virtual environment.
What are some use cases of the Metaverse?
Meta’s Metaverse initiatives include Horizon Worlds, Horizon Workrooms, and Horizon Venues. Other companies like Roblox, Microsoft, and Google are also working on Metaverse-related projects, such as gaming platforms, virtual training for employees, holographic video conferencing, and more.
What is the current stock price of Meta?
As of the latest available data, Meta’s stock price is $211.49.
What are the Meta stock price predictions for 2023-2030?
Based on technical analysis and predictive analytics, Meta’s stock price is expected to rise over the coming years. Price predictions are as follows:
- 2023: $277.22 (mid-year)
- 2024: $459.38 (mid-year), up to $612.51
- 2025: $522.74 (first half), up to $696.99 (second half)
- 2026: $792.04 (first half), up to $1056.05 (second half)
- 2027: $1267.26 (first half), up to $1689.68 (second half)
- 2028: $1568.24 (first half), up to $2090.98 (second half)
- 2029: $2059.3 (first half), up to $2745.73 (second half)
- 2030: $2670.75 (first half), up to $3561 (second half)
Please note that these predictions are not guaranteed, as various economic indicators can influence future results.
What should investors consider when investing in Meta stocks?
Investors should use portfolio optimization techniques, advanced trading systems, and monitor trading signals to make informed investment decisions. First-hand research and a solid understanding of market trends are also essential for creating a successful investment strategy.
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