FED was clear. You will see a longer period of interest rates above the range you all wanted to see, until the “job gets done”. That means that high-growth companies like Atlassian, Cloudflare, etc… with amazin products and future, BUT growing at crazy 40% to 60% YoY being NON PROFITABLE, are not worth to the investors.
Meta YoY revenue decreased 4%, though there user metrics have increased slightly (3 to 4%)
It is way better now to invest in a profitable company with low (very low) valuatoin, than betting on other software companies that you don't know when they will start delivering dollars back to the investros. FCF of Meta for this quarter was still a around 800 millions…
Of course, it is even much better to own MSFT or GOOGL, but then valuations are much fair.
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