Meta is here to stay
Updated
I will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12.
It may still be getting cheaper for as long as FED can raise interest rates.
All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information.
If they bothered to look at other companies, they would've seen that everything is going down. It's not because their value is dropping, it's because FED is making debt more expensive.
I am a marketing manager and I can guarantee that Meta is not going anywhere soon.
The strongest argument for Meta stagnation is the lack of new clients because they've reached over 3B people.
This is a terrible argument because inflation works the same in the Meta market and in the real world. Ads will cost more. Other services they provide will also cost more.
I have noticed SIGNIFICANT improvements in Meta algorithms. They are much better at suggesting relevant content, and marketing on Instagram is making radical turns.
Also, don't forget that Meta owns Facebook, Instagram and also WhatsApp. WhatsApp gives them a significant vector for monetization.
TikTok is NOT a Meta competitior. They are not even close. It's a Chinese manipulation and propaganda machine.
It may still be getting cheaper for as long as FED can raise interest rates.
All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information.
If they bothered to look at other companies, they would've seen that everything is going down. It's not because their value is dropping, it's because FED is making debt more expensive.
I am a marketing manager and I can guarantee that Meta is not going anywhere soon.
The strongest argument for Meta stagnation is the lack of new clients because they've reached over 3B people.
This is a terrible argument because inflation works the same in the Meta market and in the real world. Ads will cost more. Other services they provide will also cost more.
I have noticed SIGNIFICANT improvements in Meta algorithms. They are much better at suggesting relevant content, and marketing on Instagram is making radical turns.
Also, don't forget that Meta owns Facebook, Instagram and also WhatsApp. WhatsApp gives them a significant vector for monetization.
TikTok is NOT a Meta competitior. They are not even close. It's a Chinese manipulation and propaganda machine.
Note
I am increasing my position in Meta by 50%.Note
I'm selling 25% of my position, not because I don't believe in it, but because I have better opportunities.Note
I closed my position.Note
I'm moving 100% of all my assets and savings into Bitcoin.By the end of 2023. I will close all my bank accounts forever.
Also migrating all my business to the Bitcoin standard.
The race is over, Bitcoin won.
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