$Meta Platforms, Inc.(META)$ I am short again very recently. I have covered some of my short from above 500, and I am thinking it could fill the gap from February. There is a larger gap down to $400, and I think that this could get tested too.
Of course, this technical stuff doesn't really matter that much. Large-Cap Technology has been helped for a lot of reasons, and I think that investors will soon see how the estimates are too high (and the valuations). 18X enterprise value to projected adjusted EBITDA in 2025 is too high in my view.
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