4 ms·
+15% in one day, when the stock is already down 75% from its peak a year or two earlier, doesn't feel like a "massive jump".
by amethyst 4y ago
+15% in one day, when the stock is already down 75% from its peak a year or two earlier, doesn't feel like a "massive jump".
- operatingthetan 4y agoSounds like a band-aid on a gaping wound.
- dralley 4y agoBut is it really? Or did a combination of COVID-tech-mania and low interest rates just boost stock prices well above what was actually reasonable?
- operatingthetan 4y agoThere definitely has been a sentiment change on meta, but I think 'COVID-tech-mania' is a poor excuse for them failing to effectively diversify.
- snovv_crash 4y agoAnd yet when they try to diversify to VR people say they should focus on what makes them money...
- JKCalhoun 4y agoI suspect the people that said that though thought that VR was a bad place for anyone to throw money. (I happen to agree.)
- lotsofpulp 4y agoThe differed is Meta’s potential as perceived by the markets has dropped relative to Apple/Microsoft/Google/Amazon. Previously, those 5 were all viewed as having the sky as the limit, but now there are clear differences in expectations. There is Apple/Microsoft, then Google/Amazon, then a ways down is Meta.
- dragontamer 4y agoNote that to counteract a 75% drop, you need to grow by +300%.
- rvz 4y agoAnd 110% in three months and everyone here was too scared to buy Meta stock when it was at $88. How many here in this thread bought Meta at over $320 in November 2021?