The "Metaverse" isn't working for Facebook...
Meta shares plunge 24% to the lowest price since 2016
https://www.cnbc.com/2022/10/27/meta...owngrades.html
Yes
No
Meta, aka Facebook, is down 6% heading into tonight's earnings report.
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.
The "Metaverse" isn't working for Facebook...
Meta shares plunge 24% to the lowest price since 2016
https://www.cnbc.com/2022/10/27/meta...owngrades.html
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.
Just heard an ad about the metaverse and how it's being marketed as a way to solve logistic and transportation issues with simulations. Not sure if that's the answer.
Meta is blaming most of their woes on Apple's restrictive advertising rules in the name of privacy. Sure that's adding to the pressure, but it doesn't explain a 70% collapse. I was considering buying this in October 2021 when it was down 15% from the high.
Meta could begin large-scale layoffs this week, report says
https://www.cnbc.com/2022/11/06/meta...port-says.htmlMeta could begin to carry out large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal.
The layoffs are expected to impact thousands of employees, the report said.
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.
Time to short Meta?
*disclosure: I have no position at this time, but that could change.
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.
Time to short Meta?
It sure was.
Meta’s Targeted Ad Model Faces Restrictions in Europe
META is currently down around 6% today.
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Zuckerberg needed some holiday cash.
"Zuckerberg has been selling $9 million worth of Meta shares every day for the last few weeks.
"If he continues this trend, it will take him more than 52 years to completely sell his stake"
https://twitter.com/GrahamStephan/st...CbZgofhzA&s=19
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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