Shares of Facebook and Instagram parent Meta Platforms traded near their lows for the day after the company told employees it plans to cut 5% of its workers in performance-based job cuts in the U.S. next month.

META spent three months trading in a range around $575 in late-2024, which is where investors should expect the stock to find support. Shares of META remain in a long-term bull market trend with a price target of $700.

Meta Platforms (NASDAQ: META) received some discouraging news from the highest court in our land Monday, and investors reacted accordingly. They traded the bellwether social media stock down by more than 1% after digesting the legal headlines,

This was the stock's second consecutive day of losses.

Shares of Tesla and Meta Platforms jumped by over 60% during 2024. Despite the comparable gains, there is a gigantic valuation gap between the two stocks. One of these stocks is clearly a better buy than the other in 2025.