$Meta Platforms (META.US)$ How are the shorts doing??
$Meta Platforms (META.US)$ How are the shorts doing??
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razo2 : don't be too confident yet. meta is the most weak performer among the tech. they have no existence in data center, difficulty in user growth in younger generation due to tick tock, lose to Google for YouTube and contents, lack of integration to other platforms due to privacy control. doesn't explain why a company with 41 billion cash will throw 40 billion in buyback, due to desperation? also mark is looking to fire more people.
Barbaric Bok Bok razo2 : My sentiments exactly. First revenue slump in history and they announce buyback? It’s a bit too weird for me
70083659 razo2 : It's OK, if you don't feel confident, it doesn't matter if you just buy it on the street
razo2 Barbaric Bok Bok : alot of tech company scared their stock collapse, so usually they announce buybacks to attract people to hold the stock. we need to remember fundamentals, today is still a 25 rate hike in which 2008 people will be tits purple about it. we have not reach terminal rate 5.2% yet as per December FOMC mom. inflation can only be killed by demand destruction by interest rate hike above the inflation for a prolong period of time. also bare in mind we have US 31.5 trillion debt ceiling issue that JP been avoiding the question. china being a catalyst to sell US bonds as well fuel the debt ceiling problem. as interest rate hike take a toll into company earnings, companies expect a recession at terminal rate.
DwarfCo OP razo2 : Very detailed analysis and for that, I have to agree with some of your pointers.
Barbaric Bok Bok razo2 : Yeah totally agree, that’s why it doesn’t make sense for the stock to go up that much, or general market to even increase even though FOMC raises .25 interest rate. The correction have not been factored in yet I think
razo2 70083659 : is about the fundamentals of the business and management. technicals I agree with you.
Stonkslanger : They are getting fucked in the ass. It’s ok because they are all
razo2 70083659 : what are you talking about? lol. this already posted so long ago. you on drugs or what?