Tech stocks are down. What are the investors' narratives? For Meta: - Metaverse: over promised; under delivered. After $10bi not much to show - iOS privacy rules: no more data on users - TikTok: can't seem to beat them on Reels What about the other ones? Uber, Tesla, Google, Microsoft, Apple, Netflix, etc. TC 280 YE 10
TSLA: 100 P/E as a car company is stupid. Competitors have begun to catch up at all price points. Elon is a huge distraction. Their customer service is still garbage. Quality still hasn’t improved. True FSD continues to be expensive vaporware. I say this as a very early adopter and current owner of the Model 3. 4 years later this thing still randomly slams on the brakes on the freeway while AP is on.
Interest rates impacts in multiple ways, no more free cash to pump into equities, less advertising as companies are prepping for recession, consumer sentiment as folks are going to spend less, ...
Add Atlassian and Twilio to the list, both crashed 30% in a day. Uber 6 months return is +10%
AAPL: hasn’t fallen yet, but trading at 2x historical P/E so they will. Interest rates + luxury pricing means they too will be hit by a downturn in the economy.
It’s pretty much common across the industry. Money printing plus war caused inflation. Inflation caused spending and customer drop. Additionally it made borrowing money expensive for companies. This means less spending and revenue in the foreseeable future. and hence the stock drop.
Apple will have shit time when China invades Taiwan. Immediate sanctions will affect everything besides Apple.
Reality check. Ads revenue? Where does the sale to support ads rev come from? Anyone bought anything after seeing ads on TWTR, GOOG, FB, IG & etc?
Reels vs TikTok ---> Reels will eventually win just the way Meta eventually won against Snap
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