I got it at $92 (50 stocks) and I'm thinking how long the upwards tick can last. Some things I'm weighing in
Positives
- TikTok has impeding ban US-wide and possibly Europe
- VR is growing and they are heavily vested in it, at the moment almost monopoly
- It is still printing money despite massive VR investment
- Instagram is very much alive
Negatives
- Apple VR intro imminent next week, could crater Meta depending on what Apple reveals
- Facebook is essentially a dead platform among zoomers and younger
- As a VR enthusiast they are not exactly performing on their ecosystem especially Horizon Worlds development
My target is $350 but the soon upcoming Apple WWDC is making me uncomfortable.
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