Meta's Shares Are a Hard Sell as Good Old Facebook Days Are Over(Bloomberg) -- In most market environments, a company with one of the lowest valuations in the Nasdaq 100 Index, a solid balance sheet and sales growth averaging 34% a year would be an obvious buy.Most Read from Bloomberg- World Faces New Threats From Fast-Mutating Omicron Variants- Stocks Surge in Wild Ride After CPI Data Selloff: Markets Wrap- Kroger Wants to Merge With Albertsons to Create US Grocery Giant- Core US Inflation Rises to 40-Year High, Securing Big Fed Hike- Hot Inflation Torches Bears in a Stock Reversal for the AgesSince Mark Zuckerberg’s announcement a year ago of a name change and strategy overhaul for the owner of Facebook, the stock has wiped out more than half the gain it had seen since its initial public offering a decade ago.And Zuckerberg last month said the company will freeze hiring and restructure some teams to trim expenses and realign priorities, an acknowledgment that its days as a growth darling are over.Here’s What That’s Like“While macro challenges persist, we believe improved Reels monetization, newer ad formats, and a greater focus on expenses create a compelling risk/reward in shares,” Ronald Josey, an analyst at Citigroup Inc., wrote in a report last week.Most Read from Bloomberg Businessweek- Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture- America Is Unleashing Its Economic Arsenal- Coming Soon on Netflix: A New Netflix- This Is What the Gas Station of the Future Will Look Like- Twitter Faces Only Bad Outcomes If the $44 Billion Musk Deal Closes©2022 Bloomberg L.P."