Make a move on META?

I think it depends on their ability to continue to buy things (like when they purchased instagram) to keep growing their audience from the younger demographic. Right now, FB itself is considered an old person's social media. Meta/VR has flopped in terms of the amount they've sunk into it, which has been detrimental for them. (good for you if you wanna buy stock cheaper) FB relies on their monopoly and buying power to eliminate future competition.

Idk anything about advice for buying stocks but that's just my $0.02 in terms of their future as one of the social media giants.

Insta is trending to the "old-ish"crowd too.

TikTok and Snapchat dominated tweens/college kids

To me, it really depends on how pigheaded Zuck is on his VR Metaverse. I suspect that he saw it at some convention and thought it was really cool, bought Oculus and poured 10 billion into it. It is a combination of arrogance and ignorance.

I've done a good bit of stereoscopic work and some VR too. The fundamental problem is that focusing on two little screens an inch or two from your eyes very quickly causes eye strain and headaches for most people. Short of a brain implant or projection directly into the brain itself, there is no way around that.

I also note that their graphics is awful in this day and age where the average game is 3D and often photorealistic.

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Investment horizon 28+ years

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Over a quarter century from now, when Zuckerberg will be in his mid 60s? That’s anybody’s wild guess.

The only thing for certain is that the technology in place by then will be wildly different than what we’re seeing now.

Until META stops dumping all of it's money into the advertisement dystopian that is their implementation of the metaverse I would stay far away. They have spent billions and still basically have no users, because they are not building a platform that users want to use.

During the last round of layoffs the cuts started coming for the Reality Labs division. I would wait till they write the whole thing down as a failure.

Facebook is dying

Facebook marketplace sales increased from 26 billion to 28 billion from 2021-2022.

There is still big opportunity there as no other "big" social media app really has that built in.

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Buying quality that has had the crap kicked out of it provides you the opportunity to quit working for a living, and work at what you want to, a whole lot faster than 28 years.

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Sounds like David Tepper model. Agree and it’s how you end up with the Panthers.

BAC at $5 in 2008 and FCX at under $2 in early 2010s were the type of opportunities you can occasionally find if diligent.

There are several in the semis right now that will be 3-6 baggers next decade.

Big day for META. I am basically alone in this thread, but I think META is going to be up big this year.

You’re not alone, I’ve posted a couple times very favorably of meta somewhere on this board before. Give me undervalued cash cow businesses with no debt that touch 20% of the planet with baked in future tech lottery tickets (metaverse) all day. I know advertising is hurting, I also know it’s not going away, and there’s only a handful of companies that can touch literally billions. I’ll keep buying