5 ms·
Meta shares rocket 25%, on pace for the best day in a decade
- mgh2 4y agoHe is playing a dangerous game of appearances with stock buybacks to fool investors, is all a show - the fundamentals did not change that much
- mgh2 4y agoReference: https://www.cnbc.com/2023/02/01/facebook-parent-meta-announces-40-billion-stock-buyback.html https://www.cnbc.com/2023/02/01/facebook-parent-meta-announc...
- oluwie 4y agoYou obviously didn't read the article, did you?
- gnad_sucks 4y agoThis is a company that has consistently lied about everything it can. I'm thinking things like ads views, engagement etc. Basically things that no one outside the company can disprove. Now, the article says that the stock jumped on lower projected costs. Hmm I wonder if this company will lie about projected costs, which is something no one outside the company can disprove. So yeah, I did read the article, and I agree the fundamentals didn't change much.
- marcusverus 4y agoStock buybacks are about as tame as it gets. Where's the deception? Where's the danger?
- whywhywhydude 4y agoJust shows how irrational and jumpy the stock market is. It’s the same company and the fundamentals haven’t really changed, but some people sold the stocks for 40-50% less just a few months ago. Now they are buying it back.
- guywithahat 4y agoI don't know if I would call it irrational. People sold the stock because there was a fear Zuckerberg was going to run the company into the ground by ignoring their fundamentals and focusing on VR. Now we've seen their fundamental services coming back up and they've streamlined the business by firing a lot of extraneous employees. Seems rational, although I agree with calling it jumpy
- clnq 4y agoBehavioral finance explains a lot of irrational investor decisions through fear. A lot of risk aversity comes from fear, but also some risk taking (out of FOMO, for example). In specific BF terms, the gap between a rational decision and one driven by strong emotions is called the "emotional gap". Sometimes the term is also used when referring to a gap between a fundamental market value of a security or commodity and the observed market value.
- aquarium87 4y agoSeems like the analysts think Meta isnt a dirty brand to be avoided at all costs. Personally, I see an abusive relationship getting worse and worse. The customers run, the business cuts expenses, the customers are now subject to more automation and anti-humanness, Meta enters a deathstruggle for control of VR/AR with Apple and loses. Facebook is already irrelevant, and getting more so by the day. At least Apple makes their money mostly on hardware and software, not ads. Systemically, this beats Meta every time, in a fair fight. I want to see the single day drop in Meta stock when Apple unveils its AR/VR platform and hardware.
- vmladenov 4y ago> Facebook is already irrelevant, and getting more so by the day. A quarter of the Earth’s population in daily active users is certainly a take on “irrelevant”.
- iancmceachern 4y agoThe same could have been said about yahoo at one point, or cable TV, or landlines
- runnerup 4y agoYahoo never had 25% of the worlds population. When CableTV and landlines were used by 25% of the global population they were far from irrelevant. Yes they fade eventually but there's nothing on the horizon to replace the web right now.
- black_13 4y ago[dead]