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It's been "known" Meta would report really bad results for a few days now. Also, Zuck doublespeak about that a few weeks ago with the whole thing about the nee
by PedroBatista 4y ago
It's been "known" Meta would report really bad results for a few days now.
Also, Zuck doublespeak about that a few weeks ago with the whole thing about the need to be "more focused" or some kind of "the party is over" type of memo to his employees.
- netrus 4y agoThe stock dropping 23% tells you that it's (much) worse than expected. That bad news were anticipated (and priced in) makes it even worse.
- fbn79 4y agoI think a so drammatic price sink came from Zuc post on Facebook prospecting even much more capex expenses for 2023. So for sure still another year of bad earnings
- loeg 4y agoIf it was in any sense "known," the stock wouldn't have moved 25% in a day.
- PedroBatista 4y agoIt was public it would be bad, but it was not public it would be this bad. However it was "known" aka a group of people "had the same dream" before today that it would be REALLY bad.