MVRS. When I first heard that I thought it was some new virus.
Yes
No
MVRS, Facebook’s New Ticker Symbol, Leaves FAANG in Flux
https://www.wsj.com/articles/faceboo...hare_permalinkSocial-network company plans to trade in FB for MVRS. Is it MAANG now?
“Wait - does this mean we have to start saying MAANG instead of FAANG now??” tweeted one user.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
MVRS. When I first heard that I thought it was some new virus.
Facebook shares plunge 18% on weak earnings, big forecast miss
https://www.cnbc.com/2022/02/02/face...-earnings.html
FB
-70.60 (-21.86%)
After Hours
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Down to January 2021 levels. "declining daily users." Call me old school, but something is wrong when 100% of US retirements are overly dependent on the earnings of a company that sees a future in people interacting as cartoon characters
I've never ever understood where FB seems to think that it's inventing the Metaverse. The Metaverse already exists. It's out there and some very talented people make an extremely good living through it. One of the founders of SineSpace (Adam) had "Sinewave Entertainment" in Second Life selling MOCAP Animations, and was making 7 figures a year. When Zuck comes along and insinuates that he's creating the Metaverse.........well, that's just ridiculous. It's an outright lie.
This company is a money printing machine. Down 25% right now sounds like a deal to me.
Agree on the money printing due to it's addictiveness. The whole entire goal of this company is to keep you scrolling, that's why the best way to win is to not even have an account.
However, the ability to print money like it did in the past is going away thanks to the monopoly Apple holds on the smart phone world. Apple doesn't want anyone but Apple making money on ads if you're using their hardware. Google is already trying to force through an alternative to cookies that would only benefit Google and who knows how this would affect Android.
It's a play on the metaverse at this point, but everyone knows that. The question is how excited will people be when the COVID restrictions end? Restrictions have largely lessened and we're seeing via other companies (TDOC, PTON, ETSY, SHOP, ZM....) that once people can get again, there's much more to explore in the real world than behind a screen.
Bullitt and Nnuut, I Couldn't agree more. I despise Facebook! No account is the way to go!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I'm going back to MYSPACE where all the cool kids hang out, and you won't find your Mom lurking around trying to friend you all the time........YUK
Ha ha .... but seriously, I never used FB but I now have a couple bogus accounts just so I can access Marketplace. I do Motorcycle design and fabrication, and there's some good deals out there if you look hard enough. Tanks, Fenders, Project bikes, etc.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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