How to Buy Facebook (META) Stock 2023 – Investing Guide
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If you wish to know how to buy Facebook stock, this guide explains the process.
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How to Buy Facebook Stock 2023
If you are looking to buy FB stocks, here is what you need to do.
- Create a brokerage account. Your first step is to create an account with an online brokerage platform.
- Verify your ID. Next, be sure to verify your ID by uploading photos of your bank statement, as well as your ID, passport, or driver’s license.
- Deposit Funds. Once your account is verified, you will need to fund it in order to start your stock trading and investment objectives.
- Buy Shares. Finally, you are ready to look Facebook and buy Facebook stock.
Step 1 – Choose a Stock Broker
If you wish to buy Facebook shares, there are three major steps that you need to remember. The first one is to select a broker. With so many brokers out there these days, this can actually be quite challenging. We have researched many brokers and narrowed our selection to eToro.
1. eToro
The first of the two is eToro.
eToro has been around since 2007, meaning that it is nearly 15 years old at this point. Since it emerged, it collected over 20 million users from all over the world, which is a clear indication of its popularity among retail traders. The company has done a lot in order to make itself available to a considerable number of monthly active users, rather than targeting major funds, institutions, and wealthy traders.
For example, it offers simple analytics tools that even first-time traders can understand. It offers a number of shares over 2,500 from all over the world to give you a wide selection. Its minimum deposit is also low, sitting at only $50.
And, let’s not forget about its copy-trading feature, which allows you to find professional traders who know the stock market inside out, and who know how to recognize opportunities. Once you find a trader like that who prefers investing in Facebook, simply copy their moves in real-time and you can make a profit alongside them.
Of course, Facebook stocks are quite expensive, being over $300 per piece nowadays. You can buy Facebook stocks when they are so pricey through fractional purchases. eToro lets you buy only fractions of stocks, as it knows that many of them are out of the retail investors’ capabilities, but it still believes that you should have access to them. That way, you will own only a fraction of the full stock, but you still get to profit when its price surges.
eToro fees
| Fee | Amount |
| Stock trading fee | Free |
| Forex trading fee | Spread, 2.1 pips for GBP/USD |
| Crypto trading fee | Spread, 0.75% for Bitcoin |
| Inactivity fee | $10 a month after one year |
| Withdrawal fee | $5 |
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
How to Buy Facebook Stocks – Brokers Comparison
| Trading Platform Fees |
Stock trading fees |
Forex trading fees |
Overnight fees |
| eToro | Free | Variable spread | Overnight fees for CFDs. No overnight fees for non-leveraged stocks, ETFs, and crypto. |
Step 2 – Research Facebook Shares
Facebook is a social media and messaging company known throughout the world, but that doesn’t mean that you should just invest blindly in its shares without researching them. No, you need to treat it like any other firm that you might be interested in, and review it, research its stock and the company itself, and make sure that investing in Facebook is really something that you wish to do. Here are some things that you should pay attention to.
What is Facebook?
The first thing you need to ask yourself is what is the company whose stock you are investing in is all about.
Facebook is an American online social media and social networking platform that is owned by a company called Meta Platforms. Meta Platforms used to be called Facebook as well, but it decided to change its name and brand in October 2021 — only days ago, at the time of writing.
Meta Platforms will now focus on going beyond the social network element, but Facebook itself will remain as it always was. The company was founded in 2004 by Mark Zuckerberg, its CEO, with several fellow college students from Harvard, including Eduardo Saverin, Andrew McCollum, Chris Huges, and Dustin Moskovitz.
Facebook kept growing year after year since it was founded, until it became the world’s biggest social platform, and then even beyond that. Along the way, it became involved in multiple controversies, with the biggest one being the one involving Cambridge Analytica. However, this did not affect its price on us stocks too negatively, and indeed, it continued to go up year after year.
Facebook is known for having issues with data privacy, which is something that it was often criticized for, but somehow — the company and its social network managed to fend off any such criticisms, and it currently still leads as the largest social platform in the world.
Facebook Share Price History
The next thing you should focus on is the company’s stock price. When it comes to Facebook, its shares were growing year after year, with only 3 major price drops in the past 10 years. The first one took place in July 2018, which was only a few months after Mark Zuckerberg’s testimony before the US Senate.
The second one was in March 2020, when the COVID-19 caused a global economic meltdown, causing prices to crash. Finally, the third one took place only two months ago, in September 2021.
Other than this, the Facebook share had regular minor surges and corrections, but overall, its price increased over the last 10 years, going from $18 in 2012 to an ATH of $384.33.
Facebook Fundamentals
The firm recently released its Q3 2021 earnings, impressing many by topping analysts’ estimates.
The firm revealed that it added $50 billion to its stock buyback program, which helped lift the shares around 2%. Accordion to analysts, their expectations were to see earnings of $3.19 per share, while the company saw $3.22. In terms of revenue, the company earned less than what was expected, making $29.01 billion while the expected amount was $29.57.
Facebook Dividends
When it comes to Facebook, the firm does not pay a dividend to those who own its stock.
Mark Zuckerberg’s Biography
Mark Zuckerberg was born on May 14th, 1984, in White Plains, NY. He launched Facebook while still attending Harvard University, and became an American media magnate, entrepreneur, and philanthropist. Like Facebook, Zuckerberg has been involved in controversies right from the start, with the Winklevoss twins, Tyler and Cameron, even accusing him of stealing the idea to launch a social network similar to Facebook from them, while cutting them out of the deal.
But, despite his own and his company’s issues, both Zuckerberg and Facebook thrived over the last 15 years, with Mark even becoming the 7th largest person in the world.
Zuckerberg is now eyeing new emerging technologies, including cryptocurrencies, blockchain, and metaverse, the pursuit of which directly led to the rebranding of his tech company from Facebook to Meta Platforms.
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Ali Raza
