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Investago | Stock of the week | Meta
Stock of the week | Meta

Meta Platforms' newly launched app, Threads, is generating significant buzz as a potential competitor to Elon Musk's Twitter. In its first few hours, Threads attracted over 30 million users, a figure expected to rise given the app's integration with Instagram. However, for Threads to positively impact Meta's stock, which has already risen by over 132% this year, two things need to occur, according to Morningstar's senior equity analyst, Ali Mogharabi. It must attract a user base to rival Twitter's, and it needs to promote daily engagement akin to Instagram and Facebook.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 92.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 92.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.