Meta is getting destroyed after hour from a dissappointing earnings release
We should have seen this coming after every other big tech companies like $Snap Inc(SNAP.US$ reported bad advertising revenues. Shares of $Meta Platforms(META.US$ tanked over 12% initialy after their earnings release and are still dropping currently. It is not looking good for Meta holders at all. I dont think this is a dip buying opportunity yet. It just looks bad.
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Mike Hunt : Very rich
SpyderCallOP Mike Hunt: the price of Meta dropped below the 2016 lows or something like that. its insane
Mike Hunt SpyderCallOP: I called the downfall when they changed their name. In retrospect on the chart, it was clearly the turning point.
jemsationz : Gently like a clear pattern. Microsoft, Snap, Google... tomorrow Apple
Violets : I said to myself I think it's going to hit 100 before market closed and then I said to myself now it will never hit a hundred LOL I think it's going to hit a hundred
Markio1315 : destroyed by tiktok and their founder obsession with virtual reality
Silverbat : More investors will come over to join Tesla's recession-resiliant bottom out.
SpyderCallOP Mike Hunt: absolutely down to the second that zuckerberg announced the name change meta ended its multi year rally.
SpyderCallOP jemsationz: you may be right. that is the tech in the big tech allocations in spy
SpyderCallOP Violets: its a bloodbath!
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