Sorry for another meta post but just wanted to gather peoples thoughts on this company.
So the company has committed to further increase R&D into the meta verse in 2023, many investors do not believe in the metaverse, revenue is currently flat/slightly declined and there is always negative perception of the company. These seem to be the main bear points.
On the flip side, nearly half the world uses at least 1 of its services, average revenue per user has scope to increase internationally, advertising will return when other company advertising budgets increase again, the company is very financially stable. The fact that Apple is working on a VR/AR headset means there is comptetition, but at the same time Apple does not tend to release flop products.
The company is trading at its lowest valuation in its history, priced for no fundamental growth. Netflix was in a very similiar situation a few months ago when it forecasted a drop in subscribers. Soon after, they gained subscribers, beating estimates and the stock rallies over 50%. It seems to me this is extremely possible with Meta.
Does anyone have any additional comments about my thinking? What’s your opinion?
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