Everyone is abandoning VR. Microsoft is reducing its investment, google is not making new products, and Amazon just closed its VR unit. Meanwhile, Zuck is like doubling down on VR. Quoting from internet Zuck famously said - “if we don't create the thing that kills Facebook, someone else will.” So he created Metaverse to kill the company. Mission accomplished. I have lost 100K this year as a long-term Meta investor. Should I sell and save what's left? https://youtu.be/7W-pNQ8xs00
No pain no gain
Our PE is literally 9 which is ridiculous as it’s less than companies like Bank of America. The fact is that tomorrow we could in theory deprecate everything about RL and suddenly grow our income to when the stock was 250 or whatever. Daily active users and all other metrics are up (revenues down but that’s because of macroeconomics). I don’t know, I just don’t get it. It seems like it’s just angry dumb institutions that dumb our stock and eventually we’ll just end up going as high as we were. Eventually will be either when RL is profitable or when we cancel it all
How much META do you own (including unvested RSUs)
There's probably some overreaction, but earnings don't mean squat if you're plowing through cash and not growing subs.
Tax loss harvest and move on.
you must be young. Facebook was a great stock when it was $20. Did you invest at $300? It wasn't good at that price ever
Got in between 160 to 200
Ouch. Sorry man
Yes. Nobody wants to wear a feed bag over their face, except maybe incel/gamer types.
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Two questions: 1. Why are you investing 6 figures into single stocks? 2. You aren't a long term investor if you sell at the first bear market.
1 is not that crazy if OP’s portfolio is in the millions. Maybe META is still less than 5% of the portfolio