Official Company Name: Meta Platforms, Inc.
Stock Symbol: META
Stock Market: NASDAQ Global Select - NASDAQ
Currency: United States dollar - USD
1 Year Return
Daily closing prices, with moving averages and volumes - United States dollar (USD)
Facebook, Inc. is an online social media and social networking service. Originally limited to students, Facebook has gradually opened its services to anyone above 13 years old, reaching now more than 2 billion across the world. It can be accessed through any device connected to the internet and allows users to customize profiles, post text, photos, and multimedia which is shared with their friends on Facebook. They can also join interest groups, receive messages and notifications, and use various other embedded applications.
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Past performance is not a guarantee of future performance. Patterns tend to repeat themselves, but they don't necessarily have to.
Successful backtests on past data do not guarantee the future success of the strategy backtested, especially as backtest overfitting may occur: when the price of a stock may fit particularly well a given trading strategy over a given period, but not necessarily outside of that period. Besides, backtests do not account for exact market conditions and may yield significantly different results in real trading practice (fees, slippage...).
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