Quote:
Originally Posted by Josh611
I should probably be doing the same for the same reason but here I am. Hoping it will go different for some reason. I don’t see advertisers putting their dollars elsewhere. A below market multiple for growth like that is just too cheap. Getting down to a mid teens multiple if it drops much below $300.
This should probably be my last chance with FB…
Can’t go much worse than me picking FDX over UPS  |
I dislike FB and everything that social media stands for. I think they are a terrible company up there with big tobacco in terms of how destructive they are for the general health and wellness of the people who use the product.
I hope Facebook and social media in general crashes and burns and goes away forever.
On the other hand, they are really great at making money. You're right that advertisers aren't going away. I also tend to believe that the metaverse concept is the next iteration of the internet and FB is throwing a ton of money at it and will probably figure it out eventually.
I just don't want to hold the stock and wait and see. I think there are some serious headwinds facing this company in the coming months/years and I think this is going nowhere so I don't want to own it