1 in 4 people say they'll go into debt for the holidays. Is social media to blame? [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Social media shopping and travel expenses during the holidays can lead to debt for some Americans. Try waiting before making a purchase, unfollowing influencers and finding travel hacks to avoid overspending this season. Americans are used to being bombarded with holiday advertising in shopping malls and TV commercials. But now, ads have infiltrated our evening scroll. Companies and influencers tell us to buy this gift or that decoration to impress our friends, get a great deal or have the best-decorated yard on the block. More than 1 in 4 holiday shoppers (27 percent) say they plan to go into debt this season by carrying a credit card balance or using a buy now, pay later service, according to Bankrate's 2024 Early Holiday Shopping Survey And Bankrate's Impulse Shopping Survey shows that more than half of Americans (54 percent) made an impulse purchase last holiday season. Nearly 1 in 4 of them (24 percent) were influenced by social media. Additionally, Chime reports that
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META
Earnings
- 1/29/25 - Beat
META
Sec Filings
- 2/14/25 - Form 144
- 2/13/25 - Form 4
- 2/13/25 - Form 144
- META's page on the SEC website