I have looked at what has happened in recent days to the stock price of Meta's competitors like Snap and Pinterest and have determined that the market hasn't yet fully priced in the effects of reduced advertising spending into Meta's stock price. After the next earnings call things will become crystal clear -- Meta is going to experience some serious long-term changes in its business. Thiel leaving the board and selling the remainder of his stake was a sign of the top. Andreessen is soon to follow. There is essentially nobody that can stop Mark from pouring money into this bull trap called the "metaverse" because of the way the corporation is structured. This will have an especially serious effect on the psychology of many Blinders who have not lived through the declines of companies like IBM and Cisco and will be furious when they discover that they have joined a sinking ship. Remember this post in late July! EDIT: WOW! I called it. Let me know if you want more stock tips YOE 3 TC 315
Personal Finance
7h
1456
Should I marry a lazy girl?
Tech Industry
Yesterday
780
Database companies that pay well for Staff SWE
Ask Blinders
Yesterday
962
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
Tech Industry
Yesterday
3444
1 vs 5 Million - no lifestyle change
India
6h
626
What do vegetarian Indians eat for protein?
Ok boomer
Ok zoomer
Lmao zoomer
Meta is basically a metaverse startup now - but with bloated org structures and unable to move with the agility that startups do. Maybe the massive warchest will compensate for it, and maybe not. Time will tell.
Meta still generates too much cash.
Yeah, the current business is just not the future. Long term success doesn't depend on it. It could, more or less, be thought of as capital.
They still got Instagram.
And whatsapp
I’m too lazy to do research on this but I’m guessing they don’t make much money from WhatsApp in comparison. There’s no ads and if there is people would just switch to another messaging app.
And it gets worse https://www.businessinsider.com/researcher-claims-her-avatar-was-raped-on-metas-metaverse-platform-2022-5
That’s so stupid. Yea it’s also meta’s fault racism exists on the internet
No its not their fault but it cant be good for business .
Ok the same principle of reduced ad spend hits Amazon too. So retail is slow, ads are done with which leave Alexa and aws. By your reasoning then winter will hit Amazon soon cos yiu can't value aws at current stock price.
You “have determined” this from evaluating Meta’s “competitors” in Snap and Pinterest? What a joke
“You have not lived through the declines of IBM and Cisco like I have” - OP with 3 YOE and likely aged <25.
Just another Meta reject doomsaying
Do you think Metamates will have to give up their monthly Metaday, and work harder, to overcome the shortcomings?
Just want to say fellow OPM fan here.
SENSEI