Meta Platforms' stock (NASDAQ: META) has lost 71% YTD as compared to the 20% drop in S&P500. Further, the stock is currently trading around $96 per share, which is 44% below its fair value of $174 – Trefis' estimate for Meta Platforms' valuation. The social media giant posted lower-than-expected earnings in the third quarter of 2022. It reported a decrease of 4% y-o-y in net revenues to $27.7 billion – two consecutive quarters of negative growth. Moreover, the company is expecting to see negative year-on-year growth in the fourth quarter, too.