5 Best Stocks to Buy and Hold for a Lifetime

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Meta Platforms, Inc. (NASDAQ:META) is a social media giant that’s in the news given a Washington Post article on Wednesday saying it is planning more job cuts. In November, the company laid off 13% of its workforce as Meta Platforms, Inc. (NASDAQ:META)’s profitability has decreased from 2021 given its substantial investments in the metaverse. Although its profitability in 2022 is lower than what it was in 2021, Meta Platforms, Inc. (NASDAQ:META) has long term potential given its billions of users and its AI potential in the future.