If you don't have faith in their mission why did you invest in their stock in the first place. People who held Tesla's stock were richly rewarded weren't they? If you are holding Meta stock, you need to have faith in their mission(I am not holding Meta stock BTW). Tesla was losing money left and right a couple of years ago. But aren't you glad that internet was invented? And yet we clocked in 100s of hours in these games didn't we. Tomb Raider in the early 00s looked like a potato that I pealed compared to the Tomb Raider today that looks like a potato that my mom peeled. In Mario you couldn't see the whole other side of his body or his world. In doom you couldn't even see your character since it was a FPS game. Since people spent time and money building them, we have wonderful & aesthetic games today. Well have you played any 90s video games? Do you think the graphics in those games were marvelous? They were not. Why are people even complaining that Facebook is spending billions of dollars on VR technology lol?
Facebook parent Meta has lost $677 billion in market value so far this year, pushing it out of the ranks of the world’s 20 biggest companies. The news caused CEO Mark Zuckerberg’s total wealth to drop $11 billion, according to Bloomberg, making him worth $38.1 billion, from $142 billion in September 2021. In the meantime, you can also follow me on Twitter where I share my personal trades and real-time outlook on META.Meta stock plummeted more than 20% Thursday - dropping to its lowest level since 2016 - after the social-media giant reported a second quarterly drop in revenue, a weak growth outlook and rising costs at its money-losing metaverse division. However, there is still a slight chance of the price making a higher high of $320, but I won’t take that risk. The technicals and the fundamentals are pointing towards a pullback in the coming weeks. Meta shares are currently retesting the bottom trendline of the ascending channel on a higher timeframe. The reason is that the stock has already surged 134% this year, and the ongoing price action is due to the hype of the Threads App. Unlike other analysts, my Meta stock price prediction is not very bullish. These divergences often predict the top of the upward rallies. The Relative Strength Index (RSI) and the Money Flow Index (MFI) are showing bearish divergences. While it is very difficult to call the top of a bullish rally, the NASDAQ: META chart appears to be overextended.
#META STOCK DOWNLOAD#
Users just need to download the app and sign in with their Instagram username and password. The ongoing surge in META stock price can be attributed to the success of the Threads app, which is already giving Twitter a run for its money.
As per the latest reports, the social media app has reached 100 million users. The app reached 1 million users within just 60 minutes, making it the fastest app to hit the milestone. launched a Twitter-like app known as Threads last week.
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