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The recent tech selloff may have gone too far. And Facebook parent Meta Platforms‘ (NASDAQ:FB) beaten-down valuation may help illustrate why. Consider this: Slower-growing Coca-Cola (NYSE:KO) and McDonald’s (NYSE:MCD) have higher price-to-earnings ratios than Facebook. Today, Meta Platforms has a price-to-earnings ratio of 23.6, while Coca-Cola’s and McDonald’s are 29.7 and 27.0, respectively. Sure, some […]
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