Meta stock at 250$
Many were predicting doomsday for Meta stock and company. Couple of people from Google were very confident that Meta will hit 50$. But Meta has recovered fast and is already in the 210 range. My prediction without any internal information is that Meta will reach 250$ price by Q1 or max by Q2 results. Here is what my thinking around this - Meta has aggressively cut cost. This is not just on layoffs, they have closed multiple business units and aggressively cutting cost in multiple venues. Think of Zuck as a saner version of Musk, but still will reduce 50% of the HC from all time high. - Meta stock was always pushed down because of Media negativity. Now thanks to TikTok, all that negativity is focused on that. On the flip side, reels are doing good. - Meta has actually reduced investment on Metaverse. You don't see/hear Zuckerberg using Metaverse in his latest statements. - WhatsApp and Messenger monetization has been going great.
“Meta has actually reduced investment on Metaverse.” The company is called Meta and they’re backing away from their core business. And you don’t see a problem with this?
Focusing on margin and monetization, less on hyper R&D for a potential trillion dollar product. Workday is an HR service. I see more problems there.
Please, tell me your problems with Workday, we are all dying to hear them because that’s what this thread is about.
Probably some Blind comments living rent-free in OPs head for the last month
Good job on the stock price recovery. Being a Goog bagholder, I was hoping Google would do the same but it didn’t :( Zuck’s incessant push towards metaverse brought it down, but at least he took decisive actions stated and course corrected in time. Meanwhile, Sundar is too scared to do anything but cut staplers. CEO makes hell of a difference.
Even if true, a CEO that dares to try things is still better than one too afraid to rock the boat and does nothing.
Hey Apple what’s your tc?
Name change incoming again ?
“Mayhem” sounds fitting in a cool and dark way
“Couple of people from Google were very confident that Meta will hit 50$” 💀💀💀
Meta is making money by laying off , sadly it’s keeping the biggies happy. , so the stock price . Let’s wait for the results
Meta has forward PE of 23 with less than 10% YoY revenue and earnings growth. So stock price can reach $250 for sure, why it's not worth risk because one mishap can lead to big declines.
They haven’t come close to reducing HC by 50 percent
65k by end of this layoff from 100k.
When was it 100k? Before the November layoffs there were 86k.
The business hasn't gotten better. It's created no new prospects for growth. At best they've bought themselves some time by cutting costs. But, also lost that time... by cutting costs... So, they'll linger longer, but don't think of the current short term stock growth as a sign of prudent business growth and health. If they wanted the stock to go way up they could fire 50% of the company. Doesn't mean they created new value.
Reels and Ads.
OK. Let’s enjoy the last few days before layoff 2.1 metamate