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Started By
Message
Meta down 8 percent today to 155. July 2018 the price was 210. Is time to open a position?
Posted on 7/28/22 at 9:09 am
Posted on 7/28/22 at 9:09 am
52 week high 384.
Posts first revenue yearly decline in company history.
Between weak ad demand, tik tok, apple, recession etc I still can't get myself to pull the trigger.
July 2016 price 132, I would feel better about getting in at 132 (if it gets there)
Any advice from those that have researched Meta in depth?
Posts first revenue yearly decline in company history.
Between weak ad demand, tik tok, apple, recession etc I still can't get myself to pull the trigger.
July 2016 price 132, I would feel better about getting in at 132 (if it gets there)
Any advice from those that have researched Meta in depth?
This post was edited on 7/28/22 at 9:17 am
9
Posted on 7/28/22 at 9:13 am to Hawkeye here
Unreal drop in value. I own positions at $178/share from years ago that have see-sawed in value. Time may have come for me to exit…enough exposure to Meta through ETFs and Mutual Funds.
Posted on 7/28/22 at 9:15 am to Hawkeye here
Didn't their downward slide start because they double and tripled down on pouring money into Metaverse ?
Posted on 7/28/22 at 9:18 am to lynxcat
quote:
Unreal drop in value. I own positions at $178/share from years ago that have see-sawed in value.
Yeah i remember praising you for getting it so cheap like 6 months ago
Posted on 7/28/22 at 9:19 am to Hawkeye here
META’s P/E is sitting at 11.9. If you have any confidence in what they’re doing I’d say that’s a buy.
Posted on 7/28/22 at 9:22 am to Jon Ham
Meta is a dying platform trying to reinvent itself with a questionable new business model and is actively at war with half of its current market due to political and cultural issues.
No one under 30 is on facebook/meta by choice. Its for businesses and boomers, everyone in the Gen Z/millenial segment is on tik tok, snap or something similar.
No one under 30 is on facebook/meta by choice. Its for businesses and boomers, everyone in the Gen Z/millenial segment is on tik tok, snap or something similar.
Posted on 7/28/22 at 9:22 am to jmcwhrter
quote:
Didn't their downward slide start because they double and tripled down on pouring money into Metaverse ?
That was a bad sign to me.
When they went full "Meta" it was a sign that their core business was faltering.
I don't even have a facebook account (never have).
Do people even use it that much any more?
Seems like it was a fad, and after a few years of people reconnecting etc that it's kind of an afterthought to most people.
People I know that are on facebook tell me that they barely look at it any more.
I bought the oil stocks in the covid crash when everyone hated them, because I felt downside was limited and the dividends were insane.
Any price appreciation in the stock price was icing, even had XOM stayed at 40 the dividend alone made it worth owning.
Facebook has no dividend, so you're just betting on the stock price going up.
This post was edited on 7/28/22 at 9:25 am
Posted on 7/28/22 at 9:37 am to Hawkeye here
quote:
When they went full "Meta" it was a sign that their core business was faltering.
Bingo.
They know that all of these social media platforms are merely trends with no staying power and no lasting competitive advantages. They also learned that it’s not cost effective to simply acquire the newest rising star each time one arises.
To top it off I don’t know how anyone could be bullish on this Meta boondoggle which is essentially The Sims.
The stock will probably post occasional rallies, but overall I think their goose is cooked.
ETA: You’ve got to ask yourself: how are these companies making money and is it sustainable? For Facebook it WAS data gathering first and foremost and then some ad revenue. The data gathering was gutted when a law was passed requiring companies to ask their users to let them track what they did. The ad revenue is in decline because, of course, usage is down. These are not trends that I see changing soon. I wouldn’t touch the stock.
This post was edited on 7/28/22 at 9:43 am
Posted on 7/28/22 at 9:42 am to Decisions
quote:
Bingo.
They know that all of these social media platforms are merely trends with no staying power and no lasting competitive advantages. They also learned that it’s not cost effective to simply acquire the newest rising star each time one arises.
To top it off I don’t know how anyone could be bullish on this Meta boondoggle which is essentially The Sims.
The stock will probably post occasional rallies, but overall I think their goose is cooked.
Yeah, that's pretty much my take.
I love to by beaten down stocks when they are hated (preferably with healthy dividends where you get paid to wait).
Facebook has been demolished, but I think that it's deserved, and no dividend.
Posted on 7/28/22 at 9:45 am to tide06
quote:
No one under 30 is on facebook/meta by choice. Its for businesses and boomers, everyone in the Gen Z/millenial segment is on tik tok, snap or something similar.
It’s like everyone forgets Instagram is a Meta product.
You will make money in Meta at these prices. The only question is does it get cheaper first.
Posted on 7/28/22 at 9:55 am to tide06
quote:
No one under 30 is on facebook/meta by choice. Its for businesses and boomers, everyone in the Gen Z/millenial segment is on tik tok, snap or something similar.
Exactly.
Businesses spend money to target those who spend money, which are young people.
Facebook appears to me to be primarily used by the elderly who just use it to keep in touch with their elderly family members.
The older people get, the less money they spend.
Advertising dollars are better spent elsewhere.
This post was edited on 7/28/22 at 9:59 am
Posted on 7/28/22 at 9:58 am to Hawkeye here
I wouldn't. Don't believe in the platform and metaverse is a dud. Unless they're trying to break into some kind of Cloud SAS application, not real sure where this company is going.
Posted on 7/28/22 at 10:02 am to Hawkeye here
I think they need to buy another company that gets their investors excited again and can help them venture into something else that's growing.
Posted on 7/28/22 at 10:03 am to DiamondDog
quote:
I wouldn't. Don't believe in the platform and metaverse is a dud. Unless they're trying to break into some kind of Cloud SAS application, not real sure where this company is going.
agree.
A company with a 432 billion dollar market cap whose core business is dying and banking their future on metaverse pipe dream.
After covid lockdowns people are ready to live in the real world, not zucks retarded metaverse.
Meta seems like a desperate hail Mary to save the company.
Posted on 7/28/22 at 10:05 am to slackster
quote:
like everyone forgets Instagram is a Meta product.
You think Instagram can float the company back to $200+ share? I do not.
Posted on 7/28/22 at 10:08 am to slackster
quote:
It’s like everyone forgets Instagram is a Meta product.
You will make money in Meta at these prices. The only question is does it get cheaper first.
Do you own Meta?
If so, what is your average price per share?
Posted on 7/28/22 at 10:11 am to Hawkeye here
If you had $155/share to spend, why would you ever invest in Meta over Apple? I would not.
Posted on 7/28/22 at 10:14 am to DiamondDog
quote:
If you had $155/share to spend, why would you ever invest in Meta over Apple? I would not.
I would sleep better at night owning Apple.
You know that you're going to make money on Apple in the long run.
Apple is a real business with real products, not a fad relying on advertising dollars.
Facebook may be better for a short-term bounce, but Facebook may be 50 bucks a share two years from now.
Posted on 7/28/22 at 10:30 am to tide06
quote:
No one under 30 is on facebook/meta by choice. Its for businesses and boomers, everyone in the Gen Z/millenial segment is on tik tok, snap or something similar.
This POV shows you don't really understand what Meta does and how they make money. I do agree younger generations are using TikTok and Snap which compete directly with Instagram (owned by Meta), but Meta is so much bigger than just short form video content.
Someone else pointed out their cash position. They are sitting on like 40+ Billion in cash aren't they? That figure may not be exact (I didn't search right now).
They've been sitting there trying to figure out how to use that cash and Zuck fashions himself as a true visionary and thus the Metaverse idea. If it pans out, Meta will be one of the first movers in the space, and that will pay off hugely. If it doesn't materialize... well therein lies the gamble.
Posted on 7/28/22 at 10:33 am to skewbs
Seriously, educate and tell me why I would ever screw around with a MetaVerse as a 37 year old man?
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