Meta Platforms Was the Best FAANG Stock in 2023. Can It Repeat in 2024?
None of these five had a better 2023 than Meta, whose stock rose around 170% in 2023. Meta Platforms is made up of two business segments: Family of Apps and Reality Labs. Its former name, Facebook, was a clear indicator of what the company was, although it also had other social media platforms like Instagram, WhatsApp, Messenger, and Threads.