Facebook was AD based company. But with the last shift, they started investing a lot of money into Metaverse and rebranded as Meta.
Google and Facebook stocks was correlated back then since both was AD business. Now Meta stock broke the trend and i don't think it's priced as AD company now. Zuckerberg said "they don't profit from hardware stuff such as Oculus", so it's non-profit metaverse side and still 3-5years ahead of investing there. They already put 10b dollar into it. Even Meta staff are not using it inside.
So with the last shift :
They went into road like "hero or zero"
It's not safe heaven like Microsoft now. I call it risky. Reward can be good if they success , but company can always turn into Yahoo as well.
Yahoo was biggest tech company back then. And with all those mistakes, company failed hard and most new generation can't even know the name of it.
For technicals : 123$ was bottom of covid low. I bought some from there. I know it's risky but worth the shot. Still, i don't have too much exposure in it.
Good luck!
Google and Facebook stocks was correlated back then since both was AD business. Now Meta stock broke the trend and i don't think it's priced as AD company now. Zuckerberg said "they don't profit from hardware stuff such as Oculus", so it's non-profit metaverse side and still 3-5years ahead of investing there. They already put 10b dollar into it. Even Meta staff are not using it inside.
So with the last shift :
They went into road like "hero or zero"
It's not safe heaven like Microsoft now. I call it risky. Reward can be good if they success , but company can always turn into Yahoo as well.
Yahoo was biggest tech company back then. And with all those mistakes, company failed hard and most new generation can't even know the name of it.
For technicals : 123$ was bottom of covid low. I bought some from there. I know it's risky but worth the shot. Still, i don't have too much exposure in it.
Good luck!
Barbarians Trading