Sell $FB
$Meta Platforms(FB.US$ is dying. The world is slowly turning away from social media in general. All the young people have stopped using it already and soon the boomers will get bored with the lack of content and constant barrage of scam add.
I have a good chunk of my portfolio in long-term puts. You don't have to do that but please for your own sake, stop buying $FB. It's not a growth stock, it's clearly been in decay for 3 months. It went from $320 to $180 in just 6 weeks. The boomers have bought it back up to $220 but it cant last with $FB's declining net income. The FTC won't allow them to buy out anymore competitors. They may have some room between themselves and the cliff still, but make no mistake they are backed into a corner with no way out.
I have a good chunk of my portfolio in long-term puts. You don't have to do that but please for your own sake, stop buying $FB. It's not a growth stock, it's clearly been in decay for 3 months. It went from $320 to $180 in just 6 weeks. The boomers have bought it back up to $220 but it cant last with $FB's declining net income. The FTC won't allow them to buy out anymore competitors. They may have some room between themselves and the cliff still, but make no mistake they are backed into a corner with no way out.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
DwarfCo : As an active user and have used FB’s advertising tools which have shown good results , FB is not dead in my own opinion…
Goatie : I'm gonna laugh hard at you 10 years from now.
庄重的迪克 : maybe facebook is dead but so many people are growing to use IG (many are young generations) and whatsapp.
102624942 : Do your Homework before posting, facebook isnt just 1 company.
Echophi OP DwarfCo :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Echophi OP Goatie :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Goatie Echophi OP :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
slippery : if you're happy and you know it, clap your ass cheeks