Meta Platforms stock price stagnates at yesterday's level (€547.1098)

Shares of Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, ended the trading day on Friday without any significant change from the previous day's closing price.

The stock closed at €547.1098, which was virtually unchanged from the €547.1098 closing price on Thursday.

The lack of movement in Meta Platforms' stock price on Friday aligns with the overall trend in the broader technology sector, which has been relatively lackluster in recent weeks.

The Nasdaq Composite, which is heavily weighted towards technology stocks, has been trading sideways for the past few weeks and closed down 0.6% on Friday.

Investors are likely waiting for more clarity on the economic outlook before making any significant bets on technology stocks.

The Federal Reserve is expected to raise interest rates again next week, which could put pressure on growth stocks like Meta Platforms.

In addition, the war in Ukraine and the ongoing COVID-19 pandemic are also creating uncertainty in the markets.

Despite the lack of movement in the stock price, Meta Platforms is still a formidable company with a strong track record of growth.

The company's revenue and profits have grown steadily in recent years, and it has a large and engaged user base.

Long-term investors may want to consider adding Meta Platforms to their portfolios, especially if the stock price continues to trade sideways.