Bonta
08-01
$Meta Platforms, Inc.(META)$ 

Meta earnings aftermath is the reason why I purposely avoid trading around earnings season.

Earnings is very difficult to predict, and big swings can happen. I would rather enter new positions post earnings.

Regarding meta, it's current core business is still doing well, but its heavy expenditure in AI is concerning. I do agree with the benefits of AI, however, market appears to place too much focus on AI. Hence, I am avoiding the AI related stocks. Volatility is expected to still remain high for AI related stocks 

Backing Trump! Is Meta Set to Soar?
In the letter, Mark Zuckerberg acknowledges the pressure from the Biden Administration to censor COVID-19 content but emphasizes that Meta made its own decisions and regrets not speaking out more. Zuckerberg mentions a situation with the FBI warning about potential Russian disinformation before the 2020 election and notes. ---------------- Do you think Zuckerberg's letter indicates he's siding with Trump? Does this imply that data shows higher support for Trump? Would you buy Meta and DJT now?
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Comments

  • SPACE ROCKET
    08-02
    SPACE ROCKET
    Agree! Articles still can say investors are okay with the huge AI spending. I'm like are you sure?!?! Market is just plain mad. Too much FOMO. People jumping into everything and selling everything for no reason.
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