Is this the end for META - down 25% in a single day?
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No. It’s just a re-rating based on the current environment.
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Maybe, maybe not.
As has been signalled for a few quarters now, they’re betting the house on Reality Labs
Either it will be a big success and will pay it very well in the future or it will be a waste of money. Based on how kids grow nowadays, I’d say there is a significant chance that it will be a success.
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I truly hope this Metaverse cock & bull does appeal to the younger Gen,…cos as a Gen X i don’t buy it at all…ffs ordinary roller coasters & VR’s gives me dizziness.
70% down YoY will take a lot for an investor to climb out of that hole - Luckily Meta is amongst my lowest exposure
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