Falafulu
2022-07-22

$Meta Platforms, Inc.(META)$


The company is facing growth headwinds because competitors like ByteDance's TikTok are increasingly winning attention. That platform has amassed over 1 billion monthly users, and its rapid growth has forced Meta to introduce a new feature on Instagram called Reels. The new feature already accounts for 20% of users' time spent on Instagram, and how quickly that segment grew in the second quarter will be very telling for Meta's ability to stave off the threat TikTok poses.

Investors will also be keeping an eye on Meta's Reality Labs segment, which burned $10 billion in 2021 and a further $2.9 billion in the first quarter of 2022. It's tasked with building the company's vision for a virtual world known as the metaverse, which CEO Mark Zuckerberg thinks is the next frontier in social and professional networking. He initially wants to attract 1 billion users to this new-age platform, and anticipates they each could spend hundreds of dollars on digital goods and services within it.

πŸ’° Stocks to watch today?(23Β Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
1