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Will Mark Zuckerberg Become The Wealthiest Person In The World It's gone 12 months or so since Meta Platforms shareholders reached their breaking point in Q4'22 as the Tech giant's financial results in those times were following an increasingly questionable rebrand, from Facebook into Meta. In October, 2022 Altimeter Capital Chairman and CEO Brad Gerstner said in an open letter to the Company that Meta has too many employees and is moving too slowly to maintain investor confidence. A Meta shareholder wrote an open letter to CEO Mark Zuckerberg, saying he's basically "not happy". The investor criticized the brand's $100 billion-plus Metaverse experiment, saying such wild investments "into an unknown future are disproportionate and appalling even by Silicon Valley standards." Investor recommended a plan to bring a "Mojo" back to the company. 👉 It included cutting personnel costs by 20% and limiting the company's costly investment in Metaverse technology to no more than $5 billion a year. 👉 Further, Meta must restore the trust of investors, employees and the tech community to attract, inspire and retain the best people in the world, - Gerstner wrote in the letter. 👉 In short, Meta needs to get fit and focused. The letter was the latest sign that Meta investors were beginning to significantly express doubts about the company's financial results. Meta shares were down more than 61% in 2022. Meta changed its company name to better focus on virtual reality hardware and software, and is spending $10 billion a year on the technology. “However, people were confused about what the Metaverse even means,” Gerstner wrote. "If the company had invested $1-2 billion a year in this project, this confusion might not even be an issue." Ultimately, Gerstner says, Meta has too many people and spends too much on capital expenditures. If Meta could control those costs, it could double its free cash flow and improve its share price, he said. He said a 20 percent cut in employee costs would return Meta to the level of staffing it had last year, and said the company can't spend money like before because the cost of capital and interest rates have risen recently. “We believe the recommendations outlined above will result in a leaner, more productive and more focused company — a company that regains its confidence and momentum,” Gerstner resulted his letter. I have to say also, there were a lot of important questions to Meta activity abroad the United States, in addition to the dismal financial performance in 2022. Saying this, I mean that the activities of Meta Platforms Inc, including Facebook and Instagram products, were recognized as extremist and were banned in the Russian Federation under the local court decision, and Meta stocks were uncompromisingly delisted from both Russian trading boards, well known as Moscow Stock Exchange MOEX:MOEX and Saint Petersburg Stock Exchange MOEX:SPBE . In conclusion the rehabilitation path was the one and only - Meta Gotta Have a Mojo! NOWADAYS In nowadays Meta Platforms Inc. NASDAQ:META is the # 1 over the all S&P500 SP:SPX components with 205 percent yearly performance in this time, as Meta stocks were not simply gained, but tripled the price over the past 12 months. Meta reported Q3'23 earnings after the closing bell October 25, 2023 that beat analysts' revenue and profit estimates. The beat was driven by a continued rebound in Meta's advertising business following a sharp slowdown throughout 2022. Meta's guidance on its 2023 and 2024 expenses also hit the sweet spot for investors, as it signaled that it can balance its "year of efficiency" cost cutting efforts while it continues to invest in the Metaverse and Artificial intelligence (AI). According to Forbes Real-Time Billionaire Index Mark Zuckerberg is the 6th richest person in the world today with its $120.0 wealth as of today while Tesla CEO Elon Musk is yet number one in the world with $241.1B wealth. Key facts about Mark Zuckerberg * Mark Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates. * He took Facebook public in May 2012; he now owns about 13% of the company's stock, according to the company's 2023 proxy statement. * Facebook changed its name to Meta Platforms in November 2021 in a sign it was shifting the company's focus to the metaverse. * In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Meta stake over their lifetimes. * Mark Zuckerberg born in White Plains, New York in 1984, and in this time 39-years old Mark Zuckerberg is the youngest one over the top 30 richest persons in the world. In conclusion, Will Mark Zuckerberg become the wealthiest person in the world!? Perhaps, Yes. He can. The main technical graph undoubtedly says Meta Inc stocks NASDAQ:META are on the runway to triple the price once again. ========= Dedicated to my beloved newborn son, Mark 💖
NASDAQ:META
by Pandorra
6
GOLD NEXT LIQUIDITY MOVESHello Billionaires !!! Examine the analysis thoroughly and make trades in accordance with it. Anup 'BIAS for today, August 14, 2024 The current price is $2473. "If the price maintains over $2458, the following targets are $2483, $2500, and 2483. Chance 1: Hold off while the geopolitical environment becomes worse. Chance 2: Hold off while the geopolitical environment becomes worse. Wishing you luck! Never take a position involving a greater risk than 1% of your money. Please help us out by sharing and liking the content.
OANDA:XAUUSDShort
by AliyanFX
SBI CARDS - undervalued?SBI CARDS is currently at it's lowest ever P/E. It is trading at 28.5 P/E while its lifetime median P/E is 54.4. It is constantly posting good revenue and profit which makes it a very highly undervalued company at its present price and P/E. It can be considered a good buy for both short and long term. Trade can also be taken on the basis on range bound trading strategy with range being 686 to 926 and it can give approximately 30% return from present levels. The target will be achieved within 150 days at max. Hope you like my analysis. Please do your own analysis before investing. Do like and follow. Thank you
NSE:SBICARDLong
by ronak16125
Buy Tanla Platforms Ltd.Tanla Platforms Ltd which may had been a multi-bagger stock for many is currently 62% down from it's lifetime high and hasn't given returns from past few years despite strong balance sheet and profits. At a time when the whole market is up such precious gems which were talk of the town during pandemic period are currently undervalued and available at dirt cheap price. It provides us with great investment opportunities even at expensive markets. Hope you like my analysis. Please do your own analysis before investing. Do like and follow and share among your friends and family. Thank you.
NSE:TANLALong
by ronak16125
Buy Lux Industries 40% returnLux Industries chart if back-tested shows that it has traded in a range between two price points 1123 and 1559. The range is around 40% wide and today the stock has touched the bottom of the range. After touching this price it has touched 1559 in a short period of time in the past for a total 4 times. The years in which the range was covered are 2017, 2019,2020 and the latest being 2023 itself. In 2023 it made a bottom at this price and then bounced back. History will repeat itself and the stock will again touch 1559 very soon. Hope you like my analysis. Please do your own analysis before investing. Do like and follow. Thank you.
NSE:LUXINDLong
by ronak16125
📖 Jesse Livermore famouse Quotes 📖Jesse Livermore famous quotes: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” - Jesse Lauriston Livermore. “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” - Jesse Lauriston Livermore. “He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile.” - Jesse Lauriston Livermore. “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight...” - Jesse Lauriston Livermore. “Profits always take care of themselves but losses never do.” - Jesse Lauriston Livermore. “Go long when stocks reach a new high. Sell short when they reach a new low.” - Jesse Lauriston Livermore. “It is not good to be too curious about all the reasons behind price movements.” - Jesse Lauriston Livermore. 🚀 Follow profile for more! 🚀
Editors' picks
Education
by InvestMate
26
PONTENTIAL 1500 PIPS MOVEGood day you Great traders it is always with my greatest delight to serve you insightful stuff On the NASDAQ Market hope you good here we go Weekly the trend still bearish making lower highs and lower lows Daily we have been exchanging momentum bullish to bearish however right now today we broke the 11800(hoztinal lvel in blue) to the downside making it a resistance point now H4 Momentum does still seem to be bearish last 5hrs we have been slighly pushing down H1 we have our great profit genarating trades drawn (the green 1 guys)one that has been recently respected at new york session open together with the market being at daily resistance point and a bearish higher time frame trend i expect the market in the next 1hr to sned profits to all sellers of this nasdaq market till we meet again positively comment our bright perspective below God bless love u!!!
FX:NAS100Short
by EHMFO
Big day for NASDAQ TradersGood day you great traders it is with my greatest delight to announce my big comeback Hope you well let's dive right into this bright idea Firstly, the weekly tells us the trend is bearish and has been since 21 DEC 2021 Creating lower highs and successive lower lows recently in fact last week, we made a new low Daily we broke a proficient level price 12200 support level and since then we have been ranging below it H4 let's call a spade a spade momentum is to the downside since our last impulsive move was to the downside breaking the h4 range in the process making a new low H1, we followed this impulsive move by a couple of lower lows and when pushing up we have been slow to do so last 12hrs Verdict is should the market break this trendline support close below it successfully i will take sell be sure to positively comment your bright suggestions below God bless till we meet again
FX:NAS100Short
by EHMFO