I feel like even though Facebook has had some not so ideal news in recent times, that this is similar to March 2020. The drop off in price in several stocks has been fairly significant. I feel like it’d be smart to jump into FB at this time given that I truly don’t think they’re going anywhere. And although I think the metaverse is a nothingburger right now, I do think zuck will continue to be the leader in VR for quite a bit. Oculus is a top product in VR and they have their own exclusive store. If you ask 100 people who use VR which headset they use, it seems like around 60 or more of them use an oculus product.
On top of that, I don’t see Facebook or Instagram going anywhere given that every influencer in the world is on there. The price drop just seems like a mix of some overselling on bad news and the war news. Any opinions on why Facebook is or isn’t underpriced right now? Any upcoming events that could really screw them or boost them? Not looking to get an answer such as “buy it”, or “don’t buy it”. Just looking to see everyone’s opinion on the current price of the stock.
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