Meta Platforms Q1 FY12/22 Earnings Review
Who Doesn't Love The Smell Of Smoked Bear?
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Most everyone told you last quarter that it was All Over For Meta Platforms. Biggest loss of shareholder value since the last time $FB missed its earnings bigly. 2012 Was Peak Social. Zuck Has Lost His Way. Nobody Cares About The Metaverse. Etc.
We said at the time, don’t write $FB off so fast. That the one thing Zuckerberg is - is a winner. So we said - $FB is buyable after the stocks’ swoon on its Q4 numbers.
Our latest 14 April update can be found here.
If you look at any screen right now it is screaming Tech Wreck or similar. The Nasdaq-100 has sold off hard, as it is wont to do, and even mighty $AAPL slid back after earnings. So you would think that $FB had been similarly punished - right?
Here’s the numbers, our price target and thoughts on stop-losses.