Meta leadership is immature !
Elon had a bad quarter and likely everything is bad but he showed the hope for 2025 for an EV that is still on papers and stock shot up. Meta as a business is strong, hugely profitable, high margins, exceeded goals and expectations. But presented disappointing guidance - guidance based on not sure what formula, like how their guidance has been perfect all the time. And stock down 20%. Likely will be close to 375$ tomorrow. What do we learn from this? A lot.
Under promise & over deliver formula works. Over promise and under deliver is stupidity.
not true, under promise and over deliver and keep under promising, that will lead to no value in delivering. Its better to not deliver at all then.
external goals can be different than internal goals. push for higher standards and give wall st a nice surprise
you guys just hailed your leadership a quarter ago? what happened so fast? Did a wall street analyst bite you?
Meta was rewarded because of year of efficiency, keeping the costs low. As soon as this lid on costs is removed the stock is expected to fall. Meta would have soared if there was no reality labs. Thier expenses for this year are too high with no clear revenue generation model for AI and metaverse while continue to burn billions of dollars.
Llama and Emu farms need to show revenue.
Next steps on blind 1. Someone will create a poll to ask who is the worst CEO 2. Results A. Elon will rank last by default B. Jensen will rank first C. Zuck will fall down to the second last rank because of stock drop (previously, he ranked 2nd from top) D. Sundar and Satya will hover in the middle 3. This cycle will continue and results refreshed after Q2 2024 results.
That's Elon vs Zuck styles and it has always been like that. However look where Meta is now and where Tesla is. Meta worth 2 times of Tesla and is a sound business. Elon overpromises and underdelivers , but Zuck delivers better than expected in the longer run IMO.
meta itself is very mature and doesn't have any new products. They are already the ad king and AI can boost it up only so much. If you just have cash cows street is not gonna be impressed. Look at google. Show something new and shiny. That's what Satya does
I hear you guys love this guy named 'Boz'? He seems great
we love his bald shine, he uses a good hair polish, we just dont know what it is.