Meta grew revenue on constant currency basis. Reels growing like mad. WhatsApp ads approaching big revenue (just getting started). Apple signal loss mitigated with tremendous AI investment. All this in recession and being banned in Russia (more than 100m users) Metaverse is the only unknown but company is executing phenomenally on its core product.
Didn’t sell your stock in time, eh? Try Craigslist. “No lowballing. I know what I’ve got!”
not even Facebook marketplace? ouch. further down expected I guess
That doesn't matter anymore if all of their profits are going to the metaverse. It's less about their fundamentals and more about if investors believe in zucks vision now.
Zuck has the track record and know how on this.
Track record of getting lucky with acquisitions, copying ideas?
Tack record of not able to build great products from scratch? Facebook phone is a great example
When they sell, they sell everything.
IMHO, the only real question is when and if Mark is going to sober up.
If they acquire onlyfans they would do so much better than having metaverse
Even Patreon will be a good buy as most YT creators have a Patreon and they post better content there and paid users.
I agree meta still a juggernaut in ads and probably oversold. But we can be right and still the stock continue to go down. Is mostly a lack of confidence in the metaverse vision
It will continue to go down until revenue growth comes back, AI investments pay off, apple impact is mitigated, reels effectively compete with TikTok and the metaverse progress is apparent. That might take a few years. Wall Street doesn't have that kind of time so the stock will keep going down in the meantime. If you have an iron stomach as a retail investor, and a long time horizon, this may be an opportunity to actually do a 10x or 100x with relatively lower risk.
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But the Metaverse burns toooooo much money
Zuck is the only ceo who has the power to pull this off. It’s an asset for meta.
I wish Zuck had potential to do that… market is clearly not seeing that with kind of spend