- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 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 10:46 am to DiamondDog
Posted on 7/28/22 at 10:46 am to DiamondDog
quote:
Seriously, educate and tell me why I would ever screw around with a MetaVerse as a 37 year old man?
Because the MetaVerse is supposed to be profitable in 2030, duh!
I would rather buy value stocks with dividends, or quality tech stocks that are well off of their high.
If I wanted to speculate/take a flyer on a tech stock it would probably be SNOWflake instead of Meta.
1
Posted on 7/28/22 at 10:48 am to Hawkeye here
quote:
Do you own Meta? If so, what is your average price per share?
Yeah. $260.
Posted on 7/28/22 at 10:48 am to Jon Ham
quote:
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.
Plus, listen to any of their calls. Zuck is a machine the likes we have not seen since Steve Jobs. I am not saying it'll be successful. But, when you listen to him it is hard to not believe this is all short term.
Posted on 7/28/22 at 10:50 am to tide06
quote:
No one under 30 is on facebook/meta by choice.
This is false.
Posted on 7/28/22 at 10:51 am to Hawkeye here
quote:
Hawkeye here
You started the thread and now you’re shitting on Meta a couple hours later. We know you’re the resident Money Talk Big Ten troll because you’ve done this many times before. One would think someone who spends this much time trolling a message board would be salivating about the meta verse.
Posted on 7/28/22 at 10:56 am to DiamondDog
quote:
Seriously, educate and tell me why I would ever screw around with a MetaVerse as a 37 year old man?
I’m not sure the use case for DiamondDog is all that important.
My belief in my position in the stock is because I feel like I’m getting the meta verse for free along with a tried and true legacy ad platform. I believe they’ll figure out the Apple issues. If you don’t, that’s fine. We’re talking about utility company P/Es at this point.
Posted on 7/28/22 at 11:12 am to slackster
quote:
You started the thread and now you’re shitting on Meta a couple hours later. We know you’re the resident Money Talk Big Ten troll because you’ve done this many times before. One would think someone who spends this much time trolling a message board would be salivating about the meta verse.
wtf?
I started the thread because I was considering buying Meta because it is so far off of its high.
I was looking for advice from people who have researched Meta, as I have not.
The comments that I received pretty much confirmed what I was already thinking.
I was looking for someone to convince me that it's a buy, as its 52-week high is 384 and it is sitting at 160.
Lighten up.
If I wanted to be a jerk I would have commented about your average price being 260, which I did not.
Posted on 7/28/22 at 11:30 am to DiamondDog
quote:
metaverse is a dud
For now.......
Posted on 7/28/22 at 11:38 am to Hawkeye here
quote:
Lighten up.
I’m fine.
Calling our your monthly BS is a stress reliever.
Posted on 7/28/22 at 11:42 am to skewbs
quote:
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.
Ok then explain how they maintain revenue streams and valuation when their core user group is aging out and in some cases already upset with them ideologically at the same time their offering is becoming culturally irrelevant to growth segments?
Are they just going to buy each new competitor that pops up like they did with insta?
How does any of that make them a long term buy even at their reduced price?
Posted on 7/28/22 at 11:45 am to slackster
quote:
I believe they’ll figure out the Apple issues. If you don’t, that’s fine. We’re talking about utility company P/Es at this point.
Except Utility companies pay healthy dividends.
You at least make some money off of utilities even if the share price stays stagnant.
Meta is a "growth" stock with no dividend, and it's not growing, it's shrinking.
I just can't come up with a bullish narrative other than the stock has been crushed.
Wouldn't be surprised if it bounced short term, but long term I have my doubts.
I'm looking for a reason to buy because I love to buy stocks when they have been crushed and everyone hates them (as I did oil in the covid crash).
Posted on 7/28/22 at 12:20 pm to Hawkeye here
Until they transition to something else that is growing and stop pouring money into the metaverse, then it's a sinking ship. Meta is banking everything on the metaverse and it's blowing up in their face. The technology as it stands today is not something the majority of people want to use. Plus nobody that is tech savvy trusts meta not to turn it into some massive advertising wasteland.
Hard pass
Hard pass
Posted on 7/28/22 at 12:38 pm to UltimaParadox
Meta is cratering while the rest of the market, especially tech, have been screaming higher the last two days.
If tech pulls back, there is not telling how low Meta can go.
If tech pulls back, there is not telling how low Meta can go.
This post was edited on 7/28/22 at 12:39 pm
Posted on 7/28/22 at 1:23 pm to boogiewoogie1978
quote:quote:
metaverse is a dud
For now.......
I think the metaverse is an idea before it’s time. At some point people will be able to use it to watch sporting events, attend classes, watch movies and shop. As a society, I don’t think we are there yet…or that close to being there.
Ironically, it will be the MySpace to someone else’s Facebook.
Posted on 7/28/22 at 1:40 pm to Suntiger
Saw a bunch of their commercials last year. Felt like visiting a museum in a third world country and the graphics were crappy.
Posted on 7/28/22 at 1:48 pm to DiamondDog
quote:
Seriously, educate and tell me why I would ever screw around with a MetaVerse as a 37 year old man?
The world and the internet will change in the next 10 years. Either you're out in front of it, or you are playing catchup. Will the internet be the 'Metaverse' that Zuck is prophesizing? Maybe, or maybe not. But he's starting the ball down this path to the evolution of the internet and how humans interact with it, along with SEVERAL other prominent companies.
I can assure you one of Meta's critical focus areas right now is diversification of revenue streams. They have several projects dedicated to this which I can attest to first hand. That's all I can say there.
The company is sitting on a cash pile and trying to figure out what to do with it. They will pivot b/c as we've beaten to death in this thread the social media game is changing and Facebook's platform as-is seems to be phasing out to certain demographics.
This company's financials are a gold mine. With a visionary leader (like him or not). They'll go through some rocky patches figuring it out, but I'm betting that they WILL figure out a plan to continue monetizing revenue streams whatever those may be in the future. I don't have a crystal ball.
Posted on 7/28/22 at 1:51 pm to skewbs
There is far too much cash and talent in the building for Meta to be come irrelevant. Will the Facebook platform one day become irrelevant and out of favor? Again... maybe. But that's where the company name-change comes from. They are planning years out and distancing themselves from being a Facebook-centric company. Many will not see it until it happens.
Posted on 7/28/22 at 7:59 pm to Hawkeye here
I cannot figure META out. I am about to start opening broad based tech position. They’ve been slammed and will likely be among the first to recover IMO. After Apple reports tomorrow I am going to start moving into FOCPX. I am not confident enough in tech stocks to pick individuals ones like META, so placing more into that for FOCPX for now. I did pick up NVDA at 155 and have an open order on AAPL at $127. If that strike price hits I am going to move into tech pretty heavily as I see the bottoming of AAPL being necessary before tech (and the market) can turn. If that happens I think META will turn, too, IMO. I’ve pretty much only been buying crypto right now (DIS at $90.25 and NVDA at $155 are the only exceptions), but tech is starting to look too good to pass up at these levels.
This post was edited on 7/28/22 at 8:05 pm
Posted on 7/28/22 at 8:08 pm to go ta hell ole miss
quote:
After Apple reports tomorrow I
Tomorrow?
Apple reported today, after the close.
up 3 percent after hours.
Posted on 7/28/22 at 9:04 pm to Hawkeye here
quote:
Tomorrow?
I have been out of it this week. I didn’t even realize it was the 28th. I think they have probably turned the corner, so I’m going in on tech now. I actually closed out a put position on Tuesday, so the beat surprises me. This should help META.
This post was edited on 8/11/22 at 1:51 am
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News