$Meta Platforms, Inc.(META)$Surprise dip indeed. Still trying to understand what's the root causefor yesterday's sudden drop :
1. News of higher ad revenue for TikTok?
2. News of loss of revenue from Russian segment?
3. News of no taking up share of revenue from new content creators (Meta) till 2024?
4. News of agreeing to settle all charges of discrimination by changing algorithm for displaying housing ads which potentially can impact the revenue?
What is still not clear is the potential impact of projected earnings due to all of above events.
Which may have some impact on key ratios and there by METAs stand in valuations.
Fingers crossed till next earnings or any possible earier disclosure which take toll on revised Target Price.
Whatever it be, its time to buy little more after such a big dip. Got 20 more. 😀
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Source: https://www.wsj.com/articles/facebook-netflix-and-paypal-are-value-stocks-now-11655956472?st=fc303r36udgtiaq