Shares of Meta Platforms Inc., an American multinational holding company that owns a technology conglomerate and the largest social network Facebook, are trading at 618.00.

The shares of Meta Platforms Inc., an American multinational holding company owning the technology conglomerate and the largest social network, Facebook, are trading within a long-term downward trend. At the end of the last month, the price corrected from its upper border and entered the sideways range of 625.00–593.75 (Murrey [4/8]–[3/8]), where it continues to remain, decreasing since the beginning of the year by more than 10.0%, despite a revenue growth in the first quarter by 33.0% to 56.31B dollars and an increase in the number of active users of the corporation’s services by 3.56B.