The social media stock is a falling knife and should be avoided, especially after warning that it expects zero revenue growth ahead.
There is a key level to monitor if you care to take a swing at the streaming giant's shares.
Tesla reports after Wednesday's close and will be of particular interest as Elon Musk may need to liquidate shares to fund his purchase of Twitter.
The charts of the streaming service are mixed, which makes the path of the stock unclear.
here are the key price levels to watch for the stock.
The Tesla CEO has a penchant for thinking big.
Plus, Meta Platforms plans to cut back on staffing levels, and PepsiCo reportedly may do the same.
META is a cheap stock relative to the marketplace. However, at least for now, this isn't a growth stock.
Here's what to avoid for now.
Let's check it out on the charts of the social media app.