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$META Earnings
$META easily beat Revenue and EPS estimates.
- Revenue up by 3% to $28.65B. ✅
- Showed strong engagement across FoA and Fcbk with an increase in active people/users. ✅
- No surprises on outlook. Revenue lower point guidance is in line with consensus average estimates. ✅
People wrote off META and it’s crazy to see them shove it all back in their face. I should’ve bought when it was at $100 or lower actually lol because I think mark is so similar to Brian over at Airbnb. They needed to become more efficient and they did. Truly two of the best minds in the tech world I think. But anyway happy to see META doing good for you guys. Wake me up when it’s Airbnb time. Travel names have been killing it expecting very nice results from Airbnb in a few weeks!
@christian7621 below $100 it was a gift :). It was like investors were assuming that RL investments will continue to infinity and will burn cash forever. Although increases are expected for this year, Zuck proved that he is cost conscious and he will do what it needs to be done for the long term success of the company. Additionally, IG reels seem to gain time engagement from TikTok.
@stockopine zuck proved he’s the man still. What was really really impressive is the growth in the family of apps in the United States where the market is already saturated like they said. To me that’s like super big to see. Just an all around great quarter for them. I’m happy for you guys and all META holders
@stockopine Could have bought around $150 and done very nicely still! Not the kind of returns we think of for a $612B market cap company!
@tomato yeah not the kinds of return I expected at all lol. I could’ve, still not comfortable with everything the name as to offer specifically the metaverse plans and ideas. I do love mark though and like I said think he’s the second best tech ceo only second to my favorite Brian at Airbnb lol. I’ll have to sit out on the sidelines unfortunately
@christian7621 at these price levels, a similar runway doesn't appear a likely scenario but who knows. Needless to say, we prefer Chesky as well :) But Zuck consistently proves that you can't ignore him.
@stockopine of course you prefer Chesky . Don’t worry he’s coming up soon. But yeah honestly though it definitely still has room to go also depends on whole market in general but it’s still pretty cheap when you look at some of the internal numbers. I just idk, I’ll probably just never own unfortunately even though I do really really really respect mark and think he’s finally got it on lock the company. Way easier for me to add to Airbnb than META lol
@christian7621 can't wait. Fair enough. If you don't feel comfortable investing in any stock, you just don't have to.
whats with the $30B capex, trying to build a blackhole money pit?
Not sure those results justify the 11% bounce? The stock is 10% of my portfolio so I’m not complaining. Perhaps it just shows how beat up the share price was and how relieved investors are that MZ is not going to bankrupt the company 🤣
Reels are eating TikTok's lunch. The amount of Reels being shared doubled in the last 6 months. $META going from defense to offense.
@rihardjarc defense leads to offense. I know I actually for the first time deleted tik tok and use reels all the time now. I know I’m only one person but I’m definitely starting to see a change there
@rihardjarc you are right on this. Reels are capturing share and once these are better monetized more dollars will flow to $META.
@stockopine When all is over TikTok might have helped $META to make it even more addictive with higher engagement rates.
@rihardjarc totally. It helped them fine tune the product. And as government gives a helping hand this would get even better (not the thesis but a possible scenario).
@stockopine Even without the ban, I am once again impressed by the speed with which Zuck caught up to TikTok. One of the best CEO's out there.
@rihardjarc correct. Copying TikTok it helped to advance reels to what it is today. An addictive form of users engagement.
Who said that copying is bad, if done right?
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