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Meta stock price has had a spectacular crash in 2022 as concerns about the company's future remain. The shares have dropped from an all-time high of $383 to the current $158. Its market cap has crashed from over $1 trillion to about $480 billion. Subsequently, Mark Zuckerberg's net worth crashed from about $66 billion to $58 billion. Is Facebook a good stock? The Meta share price has been in a strong bearish trend in the past few months as investors worry about the company's growth. In addition, the volume of advertisers using its platform has fallen following the recent iOS upgrade. This upgrade made it possible for people to block being tracked by advertisers like Google and Facebook. There are also concerns about the company's pivot to the metaverse. It is investing billions of dollars in a bid to become a leading player in the industry. However, many investors are worried about whether the industry will take off. For example, some of the most popular blockchain metaverse projects like Decentraland and Sandbox have seen their usage drop. Also, the firm recently shut down Novi, its cryptocurrency wallet. Further, the Meta stock price has declined sharply as usage of its key properties drop. For example, data by Morgan Stanley said that Facebook and Instagram have seen their usage drop. However, However, TikTok has continued to be a major player in the social media industry. The report added that: "In our view, these slowing time spent trends combined with META's rising and successful efforts to emphasize Reels speak to a rising tactical risk of Reels engagement being more cannibalistic to near-term time and revenue." Therefore, investors are starting to value Meta Platforms as a value stock instead of a growth one. Meta stock price forecast The daily chart shows that the FB share price has been in a strong bearish trend in the past few months. The stock has formed a descending channel that is shown in blue. Recently, its attempts to move to the upper side of the channel found strong resistance at $173. It has also moved below all moving averages. Therefore, the Meta stock price will likely continue falling as sellers target the next key support level at $140. A move above the resistance point at $170 will invalidate the bearish view.

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