4 ms·

I started joking with a friend when it hit $300-ish a share in this recent run-up like "wow imagine if we had invested when it dropped to $100 we'd be RIIIICH!!

I started joking with a friend when it hit $300-ish a share in this recent run-up like "wow imagine if we had invested when it dropped to $100 we'd be RIIIICH!!" Now it's up another 50% since we started joking about that so... Realistically, I'm much more attached to slow and steady index investing but FB stock is one I always like to follow along with and I (mostly jokingly) kick myself for not having the foresight when everyone was claiming doom and gloom a year ago that "nah, there's a cockroach (in the survivalist way, not to sound insulting) here..." Advertisers have like 2.5 places to put their money right now, and FB is one of them.

paulpauper 3y ago
Yup. Meta's properties have near-dominance of the web, save for Google. This is why you have to sometimes hold your nose and buy. The rational part of your brain says "it is overextended" . Yes, but a lot of great investments seem that way, like Nvidia or Microsoft. The Metaverse losses were bad but only temporary, but the media narrative was that it would doom Meta.