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+--- Thread: Meta shares plunge 23% - Thanks to China ? (/Thread-Meta-shares-plunge-23-Thanks-to-China)
Meta shares plunge 23% - Thanks to China ? - Manthink - 27-10-2022
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-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html
RE: Meta shares plunge 23% - Thanks to China ? - sgbuffett - 27-10-2022
The Metaverse is a false lure to burn off company billions.
RE: Meta shares plunge 23% - Thanks to China ? - Manthink - 27-10-2022
(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?
https://www.scmp.com/business/china-business/article/3197388/jdcom-alibaba-meituan-lift-hong-kongs-hang-seng-index-13-year-low-sentiment-aided-rally-us-listed
RE: Meta shares plunge 23% - Thanks to China ? - ArielCasper - 27-10-2022
It's all because of evil Winnie Pooh..
RE: Meta shares plunge 23% - Thanks to China ? - RiseofAsia - 27-10-2022
This is his Karma. I dont like this guy.
不是什么好人！财神爷都看不下去，也把他的钱财刮走！
RE: Meta shares plunge 23% - Thanks to China ? - Manthink - 27-10-2022
(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.
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/technology/meta-stock-falls-on-third-quarter-report/
RE: Meta shares plunge 23% - Thanks to China ? - starbugs - 27-10-2022
When the CEO has a pet project, but nobody dares to tell the boss his project is a waste of money.
RE: Meta shares plunge 23% - Thanks to China ? - cityhantam - 28-10-2022
(27-10-2022, 09:52 PM)ArielCasper Wrote: It's all because of evil Winnie Pooh..
Of course it must be China's fault!
RE: Meta shares plunge 23% - Thanks to China ? - cityhantam - 28-10-2022
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 •
RE: Meta shares plunge 23% - Thanks to China ? - p1acebo - 28-10-2022
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
RE: Meta shares plunge 23% - Thanks to China ? - Sentinel - 28-10-2022
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
RE: Meta shares plunge 23% - Thanks to China ? - WhatDoYouThink! - 28-10-2022
fb's ui, its marketplace and messenger are rather crappy.
RE: Meta shares plunge 23% - Thanks to China ? - cityhantam - 28-10-2022
https://www.straitstimes.com/business/facebook-parent-meta-s-profit-dives-over-50-as-challenges-mount
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