$Meta Platforms (META.US)$ when investing always looks at PE...
$Meta Platforms (META.US)$ when investing always looks at PE ratio. Meta are so undervalue now that it basically free money. That's how the rich make money, scoop up depress assets. Meta is still earning a couple of billions last quarter, a hugely profitable company.
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Prosperity8888 : This is Meta 2nd quarterly decline and they already forecast another one in the 4th quarter.
Their Reality Labs (VR) have already lost $9 billion in the first 3 quarters .
Similar to Google, online ads revenue has slowdown. And competition from TikTok and Apple is bringing revenue further down.
Prices of Meta will not recover soon , especially with current inflation and rate hikes.