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Better Buy in 2022: Roblox or Meta Platforms?

4 years 10 months ago
The metaverse has been garnering lots of attention from investors recently. Meta Platforms (NASDAQ: FB) is primarily a social media company right now but has indicated ambitious goals of becoming a leader in the metaverse. In comparison, Roblox (NYSE: RBLX) is a metaverse company

Meta Tester Reports Groping In Virtual World

4 years 10 months ago
(RTTNews) - Early testing of Metaverse has already led to complaints of groping in the virtual world. Mark Zuckerberg's company Meta, Inc. (FB) opened its access to Horizon Worlds through virtual reality headsets back on December 9 after Zuckerberg rebranded his company in

There's Still a Ton of Growth Potential Left for Instagram

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The Meta Platforms (NASDAQ: FB) app Instagram recently surpassed 2 billion monthly active users, adding about 1 billion new ones around the world over the past three years. That's despite stiff competition from TikTok and Snap's (NYSE: SNAP) Snapchat, among others, during that pe

4 Fast-Growing Stocks Billionaires Can't Stop Buying

4 years 10 months ago
Despite a return of volatility on Wall Street over the past couple of weeks, it looks like it will be another special year for equities. Through Wednesday, Dec. 15, the widely followed S&P 500 had logged 67 record-closing highs in 2021. Its year-to-date return of 25% has also

5 Proven Ways to Double Your Money

4 years 10 months ago
Few of us have saved enough for retirement, so most of us should be actively saving and investing for the future. Ideally, we will double however much we have saved by now, and then double it again and again.Here are five money-doubling strategies to consider.

Facebook Closing in on Kustomer EU Approval – Report

4 years 10 months ago

Meta Platforms-owned Facebook (FB) is closing in on regulatory approval for the proposed acquisition of Kustomer. Citing people familiar with the matter, Reuters reports that the social networking giant could secure E.U. antitrust approval after offering strong remedies. FB stocks fell 1.98% to close at $334.90 on December 16.

Meta Platforms is a social networking company that develops and offers applications to connect through mobile devices, personal computers, and other technologies. Its products include Facebook, WhatsApp Messenger, and Instagram. Meta Platform's earnings report for Q4 2021 is scheduled for February 2, 2022.

Kustomer Acquisition

The E.U. antitrust authority is poised to make a final decision on the deal by January 28 of next year. The German cartel office has urged Facebook to seek approval for the deal, having already secured regulatory approval in Britain and Australia.

Some of the remedies that Facebook is offering include allowing rival products to function with Kustomer after the acquisition. The customer service startup offers CRM software for businesses. Its offerings allow businesses to communicate with customers by phone, email, and text messages, among other channels.

The European Commission had initially raised concerns that if the deal is allowed to go through, it could hurt competition. Additionally, there were concerns that the acquisition could strengthen Facebook’s online advertising operations.

In its defense, Facebook insists the acquisition will strengthen competition and, most importantly, bring more innovation to businesses and consumers in the competitive CRM and business messaging spaces.

Stock Rating

Earlier this month, HSBC analyst Nicolas Cote-Colisson reiterated a Hold rating on Facebook stock with a $300 price target, implying 10.42% downside potential to current levels.

According to the analyst, FB's investment case remains a fragile balance between heightened regulation and business opportunities. The Hold rating on Facebook stock stems from the high regulation risk.

Consensus among analysts is a Strong Buy based on 29 Buys and 6 Holds. The average Facebook price target of $406.31 implies 21.32% upside potential to current levels.

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