Meta Platforms’ Growth Is Being Driven by Chinese E-Commerce Companies. Here’s Why It’s a Red Flag for Amazon’s Future.

Meta Platforms (NASDAQ: META) stock sank to a seven-year low of $88 last November. At the time, investors were disappointed with the decline of its advertising business — which had struggled with Apple's privacy changes on iOS, fierce competition from ByteDance's TikTok, and other macro headwinds — and its commitment to burning billions of dollars to expand its unprofitable Reality Labs segment. Meta didn't name any specific companies during its latest conference call, but I believe Pinduoduo's (NASDAQ: PDD) Temu, Shein, and Alibaba's (NYSE: BABA) AliExpress are its most likely clients.