Facebook share price down 20% after earning miss(finance.yahoo.com)
finance.yahoo.com
Facebook share price down 20% after earning miss
https://finance.yahoo.com/m/9bf8beca-2143-3970-93bf-3819618afeb5/facebook-earnings-outlook.html
10 comments
Seems like the metaverse is not selling well to the Wall street in the real universe :)
Probably means it's going to pay off in spades.
Facebook is facing competition from TikTok and will have a very hard time breaking their momentum. Always go long Google and short Facebook.
Duplicate (older with more comments): https://news.ycombinator.com/item?id=30184104
Seems like the decade long tech bubble is finally popping
What bubble? These are literally some of the largest, most profitable companies on the planet earth.
Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.