1.   $Meta Platforms (FB.US)$ Meta Platforms' 26% drop in a single day caught the attention of investors. But I realised Meta was not the only social media stock that got hit badly.
2.   $Roblox (RBLX.US)$ Roblox, a favourite among the school goers today, dropped 26% in a day too. Seems like 26% is a magic number. The reasons given were that it missed the revenue by $2m and that the earnings have slowed down. Investors fear the allure of the platform has declined due to the reopening of the economy.
3. Of course, not all is doom and gloom. The overall results were still pretty good. Roblox's revenue increased 108% in 2021 and free cash flow was positive and increased to half a billion. This means that they no longer need to raise money as their operations are able to sustain the business on its own.
4. Similarly,   $Snap Inc (SNAP.US)$ Snap has reported positive free cash flow that is 3x the amount achieved in the last quarter. This is the first time they have a consecutive positive free cash flow quarters. Similar to Roblox, they are self-sustainable now. Snap has turned profitable in the latest quarter too.
5. Although Snap share price jumped 58% on this good news, it is still down 15% since the start of 2022. This is worse than the NASDAQ Composite (-13%).
6. Somehow the general sentiment towards social media stocks was bad, looking at the comparative performances:
NASDAQ -13%
Snap -15%
Twitter -17%
Pinterest -32%
Meta Platforms -39%
Roblox -45%
7.   $Twitter (Delisted) (TWTR.US)$ Twitter and   $Pinterest (PINS.US)$ Pinterest grew their revenue by 37% and 52% respectively. Twitter is still loss-making and having negative free cash flow but Pinterest is the direct opposite. Even so, Pinterest share price has declined 32% since the start of 2022.
8. Overall, the social media platforms have exhibited good growth and majority of them have achieved a significant milestone: generating positive free cash flow and some turned profitable.
9. All these were ignored. I think there are three reasons. First, the valuation reset due to pending higher interest rates - many growth stocks should trade lower as their future value will be discounted by a larger amount to the present day.
10. Second, the increase in social media competition would mean a smaller pie for everybody. Investors project slower growth and bigger losses as they spend more to compete.
11. Third, the degree of privacy protection may be enhanced going forward (Android is increasing privacy options too) and this trend will impact the social media platforms because they all rely on tracking to make ads more effective.
12. It is definitely harder to analyse the social media platforms now. It has evolved from a monopoly to an oligopoly. This alone will make the industry less attractive according to Porter's Five Forces.

Warren Buffett-backed Chinese automaker $BYD Company ADR (BYDDY.US)$ is aiming to sell 600,000 battery-operated electric vehicles in 2022, cnEVpost reported on Monday, citing a local newspaper.
What Happened: The automaker also aims to sell between 500,000 to 600,000 plug-in hybrids next year.The automaker sold a total of 91,219 new energy vehicles in November, a more than three-fold jump, of which battery electric vehicles contributed 46,137 units and the rest was sales from plug-in hybrid electric vehicles.
The automaker expects to grab a market share of about 25 percent in China. BYD currently has about 18% share in the NEV category.
BYD has already sold 509,838 new energy vehicles so far this year.
Why It Matters: BYD competes with a a number of electric vehicle makers in China including the global market leader $Tesla (TSLA.US)$ and local startups such as $NIO Inc (NIO.US)$ , $XPeng (XPEV.US)$ , $Li Auto (LI.US)$ .
Chinese electric automakers are now looking to expand overseas after quickly establishing a presence in home country. In August, BYD began shipping the electric sports utility vehicle Tang to Norway.
BYD, which started off as a battery maker, has been focusing on switching to a fully electric vehicle lineup and its current new energy vehicle portfolio consists of cars, buses, and trucks.

what's the difference between these two? everything seems the same except the cost
$BYD Co. (BYDDF.US)$
$BYD Company ADR (BYDDY.US)$

$Upstart (UPST.US)$  enter into this shit by motley fool recomendation,  average 397,  die liao

$Tesla (TSLA.US)$ The biggest indication of an overvalued market is Tesla. Tesla commands a market cap of $1.277 trillion on profits nearing $3 billion whilst $Apple (AAPL.US)$ passed $1 trillion barrier in 2018 when it hit profits of $58 billion!
Common sense would imply that companies like Tesla are grossly overvalued when $Alphabet-C (GOOG.US)$ has a 'mere' market cap of $1.95 trillion based on profits of $69 billion. Perhaps common sense has been replaced by collective delusion!
That is echoed in the price of recently listed $Rivian Automotive (RIVN.US)$ . It has virtually zero revenue and has only produced around a dozen cars so far yet has a market value higher than that of both $Ford Motor (F.US)$ and $General Motors (GM.US)$ ! $110bn compared with $77.9bn and $92bn respectively.
Putting it another way, if one assumes the 2023 production targets of Tesla and Rivian are achieved then Tesla’s market price is the equivalent of $500,000 per car and Rivian’s $1.3 million per car! Last year Ford made 4.187 million cars so one might ask why its market cap is only $77.9 billion and not $ 2.0935e+12 at $500,000 per car! I cannot get my head around such numbers, but I think that is around the same size as the US economy: The gross domestic product of the United States in 2020 amounted to around 20.93 trillion U.S. dollars. Madness?? Yes. It is Tesla's ticking time bomb.
That madness can only end badly for some and I hope those caught up in the collective delusion about Tesla can get out before they get crushed in the rush when the herd has bought-in to the truth...
My concern is that when that ticking time bomb explodes it will be a catalyst for a parallel explosion of other growing problems worldwide. We should be worried because others suggested that Tesla has nowhere go but up!
To conclude: I have nothing but admiration for Elon Musk and the company he has built from scratch. My words are not intended as any form of criticism about Tesla as such but about those who have created the stock market valuation and thus Tesla's ticking time bomb. Nasty market surprises may lay ahead of us.
One word says it all - beware.

$Upstart (UPST.US)$ suddenly this board becoming active with lots of “thought pieces” from “gurus” stating the obvious about how “overvalued” this stock is only after it tanked 25% lol. How come quiet before this though? Captain obvious lol dogs

$Upstart (UPST.US)$ Interest rates rising will kill business like upstart on both the fundamental and technical price level. Egregiously overvalued.