I think Facebook owner Meta might be the most exciting stock in the world

That’s why I’m looking for a Facebook owner Meta (NASDAQ: META) for my current portfolio.

First, the stock price of Mark Zuckerberg’s company has increased by 78% year over year. At Nasdaq 100only one other company earned more than that.

Looking back, investors who have held stocks for ten years have made a six-fold return on their investment. That even takes into account the shaky 2022 for the stock price.

Best of all for the owners of Facebook, Instagram and Whatsapp, the February earnings report shows that the privacy is changing Apple made on the device does not have the feared effect.

All this good news is tempting to buy shares for potential wealth-building, especially if I feel that the stock can recreate its previous explosive growth. Here are some reasons why I believe it can.

great growth

Meta has grown its business at an unbelievable rate. In the last 10 years, the company’s revenue has grown at a double-digit percentage every year except one.

Even in the off year, 2022, revenue increased by 4% on a constant currency basis. Not bad for the worst year of the decade.

The company’s net income has grown to $23 billion. It is more than the total income of all countries like Bulgaria, Iceland or Uruguay, and much of the income is earmarked for further growth opportunities.

This fantastic track record makes and bodes well for the shares, I feel. If the company continues to grow, then my shares should be more.

What’s next?

So, the obvious question should be: is there room for more growth? After all, with nearly 4bn monthly active users on their product, perhaps Meta has run out of people left in the world to start using their product.

The company’s two biggest products, Facebook and Instagram, have become the two highest-priced social media websites. This could be a sign that the site does not have more monetization potential.

A saturated market and a saturated product is a big risk. I don’t expect big returns under these conditions.

Three reasons to be cheerful

However, I am optimistic that the company has developed further. For one, investing in VR/metaverse technology could be a catalyst for huge future growth if the virtual world takes off.

Second, Whatsapp is very popular but now it is not making money. If Meta can make Whatsapp profitable in the same way as Facebook, then I believe it will be a good return on investment.

Finally, I think there is something special about FAANG stocks like Apple, Amazon and of course Meta (the F in the name Meta, Facebook, provides the first letter of the acronym FAANG).

The best minds in the world work for the company. And that extraordinary talent is the reason, in my view, that these big tech companies have made some of the biggest and fastest gains in stock market history, and why they can continue to do so in the future.

All things considered, I think Meta is in a happy place right now and can help me build wealth as a stock in my portfolio. The next time I have some spare cash, I will strongly consider opening a position.