Meta shares plunge 23% - Thanks to China ?

Manthink

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27-10-2022, 09:14 PM

If no, so why the ex-Facebook coy is worst than Alibaba or Tencent drop this week ?

https://www.cnbc.com/2022/10/27/meta-sto...rades.html

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sgbuffett

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27-10-2022, 09:18 PM

The Metaverse is a false lure to burn off company billions.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.

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Manthink

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27-10-2022, 09:48 PM

(27-10-2022, 09:18 PM)sgbuffett Wrote: The Metaverse is a false lure to burn off company billions.

One of America's largest tech coy and you called that a fake setup?

Wow...what happened to your story about Alibaba and Tencent ? Notice Chinese teach stocks recover within a few days? Rolleyes

https://www.scmp.com/business/china-busi...-us-listed

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ArielCasper

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27-10-2022, 09:52 PM

It's all because of evil Winnie Pooh..

1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..

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RiseofAsia

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27-10-2022, 09:56 PM

This is his Karma. I dont like this guy. Rotfl

不是什么好人！财神爷都看不下去，也把他的钱财刮走！ Laughter-119

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(This post was last modified: 27-10-2022, 09:58 PM by RiseofAsia.)

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Manthink

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27-10-2022, 11:01 PM

(27-10-2022, 09:52 PM)ArielCasper Wrote: It's all because of evil Winnie Pooh..

That's a kiddo excuse lah.

Investors should consider other "evils" that caused Meta to lost >60% value since start of 2022.
E.g. Apple Inc iOS blocking ad and China's Tiktok grabbing more eyeballs than Meta/FB.
Basically, those "evils" are real, not some excuse blaming on cartoon character. Rolleyes

Meta has been struggling with a slowdown in online ad spending, exacerbated by privacy updates by Apple (AAPL) and competition from TikTok. Meta stock is down about 62% this year.

https://www.investors.com/news/technolog...er-report/

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starbugs

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27-10-2022, 11:55 PM

When the CEO has a pet project, but nobody dares to tell the boss his project is a waste of money.

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cityhantam

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28-10-2022, 12:06 AM

(27-10-2022, 09:52 PM)ArielCasper Wrote: It's all because of evil Winnie Pooh..

Of course it must be China's fault! Rotfl

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cityhantam

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28-10-2022, 06:16 AM

Meta Platforms Inc

97.94 USD
−31.88 (-24.56%) today
Closed: 27 Oct, 6:13 pm GMT-4

Meta Platforms Inc

97.94 USD
-240.60 (-71.07%) year to date
Closed: 27 Oct, 6:17 pm GMT-4 •

(This post was last modified: 28-10-2022, 06:19 AM by cityhantam.)

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p1acebo

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#10

28-10-2022, 07:09 AM

I think the real reason is meta isn’t offering any real value. They keep changing a lot of stuff on Facebook, pissing off their FB advertisers so of course they must bear the pain Big Grin

https://sgtalk.net/Thread-Sin-Heng-Heavy...ffer-58cts
Always fight lowball offers wherever you go, no matter what the weather, always bring your own sunshine Big Grin

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Sentinel

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#11

28-10-2022, 07:18 AM

Meta's weakness is the video format, that unlike Youtube, is quite fragmented and restrictive

It becomes a bit like tiktok and twitter combined, lacking focus

Quite messed up

I've never really able to get into the groove when on Meta