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Meta shares drop 20% on Q4 earnings miss, weak outlook

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Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#121

Post by mrcode007 »

dmurray wrote: post #96
gzer0 wrote: post #59

Here are the results that caused this: - Earnings per share: $3.67 vs $3.84 expected - Revenue: $33.67 billion vs $33.4 billion expected Facebook also missed estimates with user numbers. - Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected - Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected - Average Revenue per User (ARPU): $11.57 vs $11.38 expected Future guidance was the biggest miss…

It's not really plausible that the market can predict Facebook's earnings to within 5% and that such a small miss would cause a rational investor to value Facebook 20% lower. This seems more like a symptom of the market being generally skittish, with a small side of "expected" earnings actually being a low-biased estimate, so it's more like a 10% miss.

Lots of funds are prohibited from trading after hours. There’s also low liquidity in after hours. Very easy to push the price however you want because NMS protections are also off during those hours. Reversal after overreaction like this is one of the strongest market anomalies you can stick to EMH fans.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#122

Post by rossdavidh »

mrintellectual wrote: post #30
dralley wrote: post #2

There's no such thing as "endless" growth.

The shift to Meta is supposed to reset that growth, in a way. Not sure how it will turn out.

Actually, I kind of think maybe we are sure. Not the way MZ wants it to.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#123

Post by lnxg33k1 »

ohashi wrote: post #58
nappy-doo wrote: post #42

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

We can't be critical of a company that makes people miserable? That weakens democracy? That enables violence and hate? Just because they make a lot of money we should be cheering? Oh wow, they made $11! Let's forget everything else.

I agree with you on almost everything but we can't blame meta for weak democracy, underpaid teachers, private schools, lack of social programs, absent social services et al are weakening democracy

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#124

Post by jseliger »

nappy-doo wrote: post #42

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

It's been like this on HN since at least 2018: https://jakeseliger.com/2018/11/14/is-there-an-actual-facebo...

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#125

Post by hadlock »

magicjosh wrote: post #74
nappy-doo wrote: post #42

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

This is a tech community, not a "making bank" community. You may be looking for a subreddit on investing for the reactions you're expecting.

A lot of us work for tech companies we may own shares in, or have options to buy. Knowing where the leaders in the market are going (up, down, flat) is, at worst, a weak signal of how tangential markets will trend in the coming months. Maybe this is less relevant to someone under 30, but as a lot of us creep into our early and late 40s, having a clearer picture of where we might end up in retirement is something many people have a keen interest in.

FAANG stock trends, like it or not, dictate the larger tech sector, and right now 2/5 just took a 20% hit in the space of a week.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#127

Post by [deleted] »

nappy-doo wrote: post #42

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

[deleted]

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#128

Post by hunterb123 »

barbecue_sauce wrote: post #117
gxs wrote: post #94

Earlier quoted context omitted.

This is literally an article and comment about Facebook's finances.

Why does that matter?

Because it's the topic of the comments?

What matters more than the article we're all commenting on?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#130

Post by slymon99 »

ojbyrne wrote: post #60
rdw wrote: post #38

Earlier quoted context omitted.

Alphabet isn't quite the same thing, though. They kept the Google name around, and created Alphabet as a kind of holding company. This way they retained the value of their brand while also getting to have a kooky company with a fun name.

There is still a big blue F on facebook.com and the app. It doesn't seem that different to me.

Facebook used to mean two things - Facebook.com and the Facebook mobile app - The company Facebook which owned the two aforementioned products, instagram, messenger, whatsapp, oculus, portal...

The second item here was rebranded to Meta, but the Facebook site and app are still Facebook. It's just the overarching company is Meta

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