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Meta stock has lost $137B in market cap on weak Q2 revenue guidance
11–15 of 15 posts
Re: Meta stock has lost $137B in market cap on weak Q2 revenue guidance
#12Last year in november, this was worth $90, now its $430 (was $490 before ER) wth happened? what do people believe that Meta is doing that made it jump 5x and now seems to say its only wroth 4x where it was at its yearly lows?
If you look one November before that (Nov 2021), it was at $340. What did people believe that caused Meta to fall 74% to $90?
There was a general market correction which hit the whole market. Then the market recovered. Meta was hit particularly hard in the correction because.... reasons? Market eventually thought the Metaverse investments were a total waste of time and that Meta product usage would fall (in favor of TikTok).
Meta also had deep layoffs, which caused their profits to soar.
Re: Meta stock has lost $137B in market cap on weak Q2 revenue guidance
#13Last year in november, this was worth $90, now its $430 (was $490 before ER) wth happened? what do people believe that Meta is doing that made it jump 5x and now seems to say its only wroth 4x where it was at its yearly lows?
1 year before it was worth $90, it was worth $340. Asset prices are cyclical, go figure.
Re: Meta stock has lost $137B in market cap on weak Q2 revenue guidance
#14Last year in november, this was worth $90, now its $430 (was $490 before ER) wth happened? what do people believe that Meta is doing that made it jump 5x and now seems to say its only wroth 4x where it was at its yearly lows?
If you look one November before that (Nov 2021), it was at $340. What did people believe that caused Meta to fall 74% to $90? There was a general market correction which hit the whole market. Then the market recovered. Meta was hit particularly hard in the correction because.... reasons? Market eventually thought the Metaverse investments were a total waste of time and that Meta product usage would fall (in favor of…
> Meta was hit particularly hard in the correction because.... reasons
It dropped when they had an unprecedented day long outage.
Re: Meta stock has lost $137B in market cap on weak Q2 revenue guidance
#15Last year in november, this was worth $90, now its $430 (was $490 before ER) wth happened? what do people believe that Meta is doing that made it jump 5x and now seems to say its only wroth 4x where it was at its yearly lows?
Irrational exuberance, previously for the Metaverse, now for AI. Neither area is going to make them money and both are incredibly expensive, as investors have started to realise today.
Neatly summarised in this headline after earnings: Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
https://www.cnbc.com/2024/04/24/meta-loses-200-billion-in-va...