Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Q2 Big Tech stocks in focus: Buy or sell?
Views 499K Contents 173

Meta - Company finally going Meta!

avatar
JP_mykayaplus joined discussion · Jul 27, 2023 10:09
Meta - Company finally going Meta!
$Meta Platforms(META.US)$ is finally turning back into a meta stock!
Not metaverse, but the "meta" used in gaming - a stock that you cannot disregard and ignore in terms of portfolio construction.
After the nightmares of Cambridge Analytica and the heavy pressure from TikTok, Meta is shining once again.
Here are some key info that investors might need to take note of.
1. Facebook is for old gen people - no problem!
Souce: Meta earnings presentation
Souce: Meta earnings presentation
Facebook might not be the go-to app for a lot of gen Z, but in other age segments, Facebook still seems to be able to grow its active users.
Daily Active Users and Monthly Active Users continue to trend up. This also incentivizes ad business, and also increasing the ARPU.
Source: Meta earnings presentation
Source: Meta earnings presentation
2. No longer experiencing an ad slowdown
Source: Meta earnings presentation
Source: Meta earnings presentation
Post-pandemic when the economy was sluggish, Meta actually posted worse results. But those days are bygones now, as revenue from all key regions continues to grow.
3. Metaverse is slowly looking like a liability
Source: Meta earnings presentation
Source: Meta earnings presentation
With $Apple(AAPL.US)$ launching its Vision Pro, it does not look good for Reality Labs - Meta's VR headset business.
Revenue continues to shrink to USD 276 million. Losses-wise, it reported a loss of USD 3.7 billion!
Visit mykayaplus.com for more investing-related content!
DISCLAIMER
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
2
1
20
+0
Translate
Report
66K Views
Comment
Sign in to post a comment
    Co-founder, chief editor and analyst of mykayaplus.com
    6731Followers
    13Following
    7517Visitors
    Follow