Godo Hameed personal page - To The Moon

Godo Hameed

Godo Hameed

bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666 btc adress

16Follow

1Followers

4Topic

0Badge

2022-09-22

Can you stop it please

UK to Examine Cloud Services Dominated By Amazon, Microsoft and Google

2022-06-11

Send Adress fixing

2 Stocks to Buy and Hold Through Any Market Downturn

2022-09-22

Asx200

Which ASX Lithium Shares Are Performing Best in 2022?

2022-05-18

Great ariticle, would you like to share it?

Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake

2022-12-14

$HUAFANG GROUP(03611)$ Please pay it to my account

2022-10-31

$Tiger Brokers(TIGR)$

2022-10-03

0411131582 direct pay

Meta: It's Only A Meta Of Time

2022-10-03

Money

U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%

2022-10-03

bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666 My btc Adress

Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street

2022-12-09

H

2022-12-09

M c

2022-12-09

Hi

2022-11-17

$Micron Solutions, Inc.(MICR)$

2022-10-29

Reeeewww

2022-05-18

Great ariticle, would you like to share it?

@Smartkarma:India Bans Wheat Exports; Baby Formula & Diesel Shortage in US: Repeat of Beggar Thy Neighbor Policy

2022-05-18

Thanks for everyone's trust me to do this ,,,,,

Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake

2022-05-10

Great ariticle, would you like to share it?

Big Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4114059921898242","uuid":"4114059921898242","gmtCreate":1650956847614,"gmtModify":1664767796279,"name":"Godo Hameed","pinyin":"godohameedgodohameed","introduction":"","introductionEn":"","signature":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666  btc adress","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":16,"tweetSize":18,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":4,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":2,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.12","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9921806049,"gmtCreate":1671017148982,"gmtModify":1676538476157,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03611\">$HUAFANG GROUP(03611)$&nbsp;</a> Please pay it to my account","listText":"<a href=\"https://ttm.financial/S/03611\">$HUAFANG GROUP(03611)$&nbsp;</a> Please pay it to my account","text":"$HUAFANG GROUP(03611)$ Please pay it to my account","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921806049","isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920770132,"gmtCreate":1670553509126,"gmtModify":1676538392644,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920770132","isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920747294,"gmtCreate":1670553366819,"gmtModify":1676538392629,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"M c","listText":"M c","text":"M c","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920747294","isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920747929,"gmtCreate":1670553352562,"gmtModify":1676538392613,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920747929","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963880930,"gmtCreate":1668645079520,"gmtModify":1676538089290,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MICR\">$Micron Solutions, Inc.(MICR)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/MICR\">$Micron Solutions, Inc.(MICR)$&nbsp;</a>","text":"$Micron Solutions, Inc.(MICR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963880930","isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982543419,"gmtCreate":1667219460531,"gmtModify":1676537879430,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982543419","isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986484599,"gmtCreate":1667004540311,"gmtModify":1676537847448,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Reeeewww","listText":"Reeeewww","text":"Reeeewww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986484599","isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912864227,"gmtCreate":1664801335869,"gmtModify":1676537510266,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Money","listText":"Money","text":"Money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912864227","repostId":"1156675001","repostType":2,"repost":{"id":"1156675001","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1664801237,"share":"https://ttm.financial/m/news/1156675001?lang=&edition=fundamental","pubTime":"2022-10-03 20:47","market":"other","language":"en","title":"U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1156675001","media":"Tiger Newspress","summary":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped ","content":"<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-03 20:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156675001","content_text":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912130350,"gmtCreate":1664766711170,"gmtModify":1676537505104,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666&nbsp; My btc Adress","listText":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666&nbsp; My btc Adress","text":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666 My btc Adress","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912130350","repostId":"1120727441","repostType":2,"repost":{"id":"1120727441","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1664766201,"share":"https://ttm.financial/m/news/1120727441?lang=&edition=fundamental","pubTime":"2022-10-03 11:03","market":"us","language":"en","title":"Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1120727441","media":"Benzinga","summary":"KEY POINTSHang Seng fell 1% in opening trade.EV shares traded mixed with Xpeng trading 2% lower, whi","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>Hang Seng fell 1% in opening trade.</li><li>EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.</li></ul><p>Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.</p><p><img src=\"https://static.tigerbbs.com/151aff949597d4735803a987699f28c6\" tg-width=\"999\" tg-height=\"446\" width=\"100%\" height=\"auto\"/>EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.</p><p>Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.</p><p>China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.</p><p>Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.</p><p>Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&amp;P 500 futures were down 0.19%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-10-03 11:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KEY POINTS</p><ul><li>Hang Seng fell 1% in opening trade.</li><li>EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.</li></ul><p>Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.</p><p><img src=\"https://static.tigerbbs.com/151aff949597d4735803a987699f28c6\" tg-width=\"999\" tg-height=\"446\" width=\"100%\" height=\"auto\"/>EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.</p><p>Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.</p><p>China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.</p><p>Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.</p><p>Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&amp;P 500 futures were down 0.19%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120727441","content_text":"KEY POINTSHang Seng fell 1% in opening trade.EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&P 500 futures were down 0.19%.Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912198901,"gmtCreate":1664765749203,"gmtModify":1676537504864,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"0411131582 direct pay","listText":"0411131582 direct pay","text":"0411131582 direct pay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912198901","repostId":"2272016980","repostType":2,"repost":{"id":"2272016980","kind":"highlight","pubTimestamp":1664763921,"share":"https://ttm.financial/m/news/2272016980?lang=&edition=fundamental","pubTime":"2022-10-03 10:25","market":"us","language":"en","title":"Meta: It's Only A Meta Of Time","url":"https://stock-news.laohu8.com/highlight/detail?id=2272016980","media":"seekingalpha","summary":"SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Fa","content":"<html><head></head><body><p>Summary</p><ul><li>It&#39;s only a matter of time before Reality Labs takes off.</li><li>It&#39;s only a matter of time before Family of Apps return to growth mode.</li><li>It&#39;s only a matter of time before macro conditions improve.</li><li>By then, Meta&#39;s stock price would&#39;ve been significantly higher.</li><li>It pays to be a contrarian today.</li></ul><blockquote>This is the OASIS. It’s a place where the limits of reality are your own imagination. You can do anything, go anywhere.</blockquote><blockquote>(Wade Watts — <i>Ready Player One,</i> 2018)</blockquote><p>From the movie <i>Ready Player One</i>, the OASIS (Ontologically Anthropocentric Sensory Immersive Simulation) is a massive multiplayer online simulation game that takes place in a virtual reality world, or as we call it, the metaverse.</p><p>I was skeptical of the metaverse — I&#39;m not a gamer nor a tech enthusiast. But when I watched this movie, it gave me a perspective of what the future of gaming may look like.</p><p>Then one day, I tried Meta&#39;s VR headset — it completely changed my perception of virtual reality.</p><p>In this article, I dive deep into Meta&#39;s (NASDAQ:META) business, financials, opportunities, challenges, and more. Enjoy!</p><p>Investment Thesis</p><p>Today, investors get to buy Meta&#39;s advertising business on the cheap. In addition, they get to piggyback Meta&#39;s emerging virtual reality unit, which could be a massive opportunity for the company if executed well.</p><p>Shares of Meta are down big. Macro headwinds, rising competition, iOS changes, weakening profitability, and metaverse uncertainty are to blame here.</p><p>But these headwinds are temporary — it&#39;s only a matter of time before things change for the better.</p><p>And when they do, investors would&#39;ve missed most of the gains.</p><p>As such, it pays to be a contrarian today.</p><p>Value Proposition</p><p>In 2003, Harvard sophomore Mark Zuckerberg launched a website called Facemash. He wrote a piece of software that hacked into the university&#39;s servers, downloading and uploading photos of students — without consent — into his newly-built website. In turn, Facemash visitors could see two student photos side-by-side with the prompt &#34;Who&#39;s Hotter? Click to Choose.&#34;</p><p>Word of the new website spread like wildfire as people began rating who&#39;s hot and who&#39;s not. This caught the attention of the Harvard administration who, a few days later, shut down Facemash. Zuckerberg, on the other hand, faced charges for hacking campus security and violating individual privacy. He also faced expulsion.</p><p>Fortunately, all charges against him were dropped.</p><p>Not long later, Zuckerberg launched <b>Facebook</b> on February 2004.</p><p>Facebook was allegedly an idea stolen from three Harvard seniors who wanted to launch a social networking website called HarvardConnection. A lawsuit was filed against Zuckerberg. But again, he dodged another bullet and eventually walked off scot-free.</p><p>To grow the website, Zuckerberg turned to fellow students Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, and Chris Hughes. The 5 co-founders expanded the site to additional universities, to employees, to other countries, and eventually made the social networking website available to anyone 13 years or older with a valid email address.</p><p>By end of 2004, Facebook had 1 million active users. By 2010, the number blew up to 500 million, becoming the world&#39;s largest social networking service.</p><p>In essence, Facebook enables people to share life&#39;s moments, connect with others, and build communities. It was intended for social networking purposes but has now grown into a platform for news, shopping, dating, and more.</p><p>In 2011, the company launched <b>Messenger</b>, a simple, instant messaging app and platform for consumers and businesses. Today, users can also make audio and video calls.</p><p>The following year, the company acquired photo-sharing startup <b>Instagram</b> for $1 billion — a hefty amount for a company with only 13 employees. However, Instagram, arguably, turned out to be the company&#39;s most successful acquisition to date.</p><p>With Instagram, users can share photos and videos through different formats: regular posts through Feed; temporary content through Stories; short-form videos through Reels; and livestream through Live. Users can also chat and shop through the app.</p><p>Not long after the Instagram acquisition, Facebook went public in May 2012.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> years later, Facebook made another acquisition — a blockbuster one to say the least. In 2014, <b>WhatsApp</b> joined the Facebook family... at a price tag of $19 billion.</p><p>WhatsApp is a simple and secure messaging app that allows people to communicate through the internet, rather than through a traditional cellphone messaging platform and network.</p><p><img src=\"https://static.tigerbbs.com/e2cc2e5d05359d18293dc99bafe8dce7\" tg-width=\"640\" tg-height=\"333\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Apple Store</p><p>Facebook, Instagram, Messenger, and WhatsApp make up Meta&#39;s <b>Family of Apps,</b> or FoA. These are the social media/communication platforms that billions of everyday consumers have come to love and appreciate.</p><p>These apps are also mediums for businesses, both small and large, to grow their communities. In simple terms, FoA provides companies with the:</p><ul><li>platform to showcase content outside of their native websites.</li><li>communication tools to engage with consumers.</li><li>ad space to reach relevant customers.</li><li>opportunity to grow online sales.</li></ul><p>Meta is also moving beyond 2D screens toward immersive experiences provided by augmented reality [AR] and virtual reality [VR].</p><p>A month after its WhatsApp acquisition, Facebook acquired Oculus — a leader in VR technology and headsets — for $2 billion. Zuckerberg believes that VR technology will be important in next-generation social and communications platforms.</p><p>At that time (2014), the acquisition left many scratching their heads, wondering why would a software-enabled social media ad giant acquire a hardware company that seemed to be completely unrelated to FoA.</p><p><img src=\"https://static.tigerbbs.com/b556ee3cc74cb9b3ad8351f667791f74\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta</p><p>Fast forward to 2022, Wall St and Main St are starting to see what Zuckerberg sees. In recent years, it&#39;s normal to hear people conversing about AR, VR, and the metaverse. According to Investopedia:</p><blockquote>The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually.</blockquote><p>Not surprisingly, Meta is one of the only few companies making bold investments into the space, offering consumers cutting-edge VR hardware, software, and content through their <b>Reality Labs</b>[RL] division.</p><p>Without going too much into detail, RL consists of three device groups:</p><ul><li><b>Virtual Reality</b>: people can enjoy 3D games like Beat Saber, powered by Meta Quest headsets, which start from $399 a piece. Meta is also working on Horizon Worlds, a shared virtual 3D space for all, and Horizon Workrooms, a shared virtual office for workers to collaborate and interact with one another.</li></ul><p><img src=\"https://static.tigerbbs.com/3389695d0db338d49bb40daab875d12d\" tg-width=\"890\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Horizon Workrooms</p><ul><li><b>Smart Glasses</b>: Meta has partnered with Ray-Ban to develop smart glasses with features such as built-in cameras, open-ear audio, and social sharing capabilities, to name a few. Though VR features are still limited, these smart glasses are a less intimidating option than the bulky VR headsets offered by Meta.</li><li><b>Meta Portal</b>: These are a family of video calling devices with built-in virtual assistant technology, smart cameras, and compatibility with apps like <a href=\"https://laohu8.com/S/ZM\">Zoom</a> (ZM), Messenger, and WhatsApp. These devices are probably the ones that left me with the most question marks as it seems to be a redundant component of Meta&#39;s entire product line. Plus, consumers are better off buying an iPad, which offers more functionality.</li></ul><p><img src=\"https://static.tigerbbs.com/42a0d513570a8274259940e99744b1ff\" tg-width=\"640\" tg-height=\"416\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Portal</p><p>The concepts of AR, VR, and the metaverse are still new. But they&#39;re gaining more acceptance and adoption by the day, as envisioned by Zuckerberg. At the same time, they&#39;re still speculations — we don&#39;t know whether the metaverse is a thing of the future or just a fad.</p><p>But one thing&#39;s for sure: Zuckerberg is going all in on this venture, as stated by the company&#39;s updated mission statement:</p><blockquote>Our mission is to give people the power to build community and bring the world closer together.</blockquote><blockquote>All of our products, including our apps, share the vision of helping to bring the metaverse to life.</blockquote><blockquote>(META FY2021 10-K)</blockquote><p>The company went as far as changing its company name and ticker symbol.</p><p>Ultimately, Meta&#39;s RL venture could redefine the way people work, play, and interact with one another, through virtual worlds. Combined with Meta&#39;s FoA, we could see a whole new social networking experience come to fruition in the coming years.</p><p>Market Opportunity</p><p>Meta operates in two separate industries: advertising and the metaverse. I&#39;ll address the market opportunity for each, starting with the ad market.</p><p><i><b>Advertising</b></i></p><p>I believe there are a few levers that drive the social media ad industry:</p><ol><li>Average time spent on social media platforms.</li><li>The number of social media users.</li><li>E-commerce market share.</li></ol><p>As we all know, the early days of the pandemic led to governments all over the world exercising social distancing and stay-at-home policies. In addition, corporations globally passed work-from-home policies, leaving billions of people stuck at home. As such, many people turned to the internet to alleviate their boredom. This includes scrolling through social media such as Facebook, Instagram, and TikTok. As shown by Oberlo, the Average Time Spent on Social Media was 145+ minutes in 2020 and beyond.</p><p><img src=\"https://static.tigerbbs.com/a2044b7ed55dc2e1d34e6c2adbb54941\" tg-width=\"1280\" tg-height=\"655\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Oberlo</p><p>While the figure seemed to have plateaued, we can see that Global Social Media Users continued to grow, and are expected to reach 4.59 billion by the end of 2022. So, on a gross basis, Time Spent on Social Media platforms actually increased.</p><p><img src=\"https://static.tigerbbs.com/9b69e14c589fd8a10dd110aabd22d802\" tg-width=\"1280\" tg-height=\"655\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Oberlo</p><p>As more users spend more time online, they naturally spend more money online. According to Insider Intelligence, Retail Ecommerce Sales Worldwide grew by 26% in 2020, an acceleration of 21% in 2019, to $4.2 trillion. That number is expected to continue its growth trajectory, reaching $8.1 trillion by 2026. Robust growth in the Ecommerce sector is a prime reason why companies globally are allocating more budget for digital ad marketing, including ads on social media platforms. The Statista graph below shows Social Media Advertising Spending Worldwide over the years, and we can see that it has been growing rapidly.</p><p><img src=\"https://static.tigerbbs.com/c7cd5711a6a30a8a9e5bec05192210bf\" tg-width=\"640\" tg-height=\"899\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Statista</p><p>As long as these three major trends persist, they should be a tailwind for social media ad platforms like TikTok and Instagram. And since Meta is predominantly an ad business, these trends should benefit Meta in the long run.</p><p>That&#39;s the boring, old ad industry.</p><p>Now let&#39;s turn to the more exciting industry: the metaverse.</p><p><i><b>Metaverse</b></i></p><p>There are several key players that would eventually contribute to the growth of the metaverse:</p><ul><li><b>Hardware</b>: In order for people to immerse themselves into the metaverse, they need VR hardware, and presently, the VR headset offered by Meta Quest is the most readily available. Chip manufacturers also play a role in this category as it requires exceptional processing power to achieve optimal experience — companies like Nvidia (NVDA) and AMD (AMD) come to mind. Data center REITs — such as Digital Realty Trust (DLR) and Equinix (EQIX) — also play a crucial role as data centers are required to support the growth of the metaverse. Even 3D space capture and virtual touring companies like Matterport (MTTR) could be a part of the metaverse as physical real estate turns increasingly virtual.</li><li><b>Software</b>: There needs to be a software stack for developers to build and support 3D worlds, games, spaces, items, etc. One particular company is Unity Software (U).</li><li><b>Virtual Real Estate</b>: Unlike the real world, the metaverse could be limitless. But just like all real estate, location, location, location matters — the company that can provide the most desirable shared virtual space should prevail. Meta is already working on this with the launch of Horizon Worlds. Another prominent player in the space is Roblox (RBLX) which already has companies like Walmart (WMT) and Gucci buying its digital real estate. The more users and businesses populate a particular virtual space, the more valuable that real estate gets, thus allowing the virtual landlord to charge higher &#34;rent&#34;.</li></ul><p><img src=\"https://static.tigerbbs.com/7b10b31a2095f3e84bceadad1e658048\" tg-width=\"920\" tg-height=\"600\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Walmart</p><ul><li><b>Digital Currency</b>: Although the current crypto winter might be scaring some consumers away, we all know that crypto is gaining more acceptance and adoption by the day — crypto could be the currency of choice for transactions in the metaverse. Crypto exchanges like Binance and Coinbase (COIN) could provide the infrastructure to process these transactions.</li><li><b>Digital Items</b>: Buying and selling items in the virtual world is already common, especially in blockbuster games such as Fortnite and Warcraft. In the metaverse, participants can buy and sell NFTs — NFT marketplaces like Opensea could provide the infrastructure for people to exchange these digital items.</li></ul><p>So these are several investment vehicles investors can partake in the speculative growth of the metaverse. Meta seems to be focusing on the software and virtual real estate components of the metaverse, though they may expand to other areas to offer consumers a full ecosystem experience.</p><p>Nevertheless, the metaverse is still a nascent category so it&#39;s incredibly difficult to predict the trajectory, let alone quantify the potential size, of the industry. But here are a few estimates by several industry analysts:</p><ul><li>$825 billion by 2030 (Verified Market Research)</li><li>$679 billion by 2030 (Grand View Research)</li><li>$1,607 billion by 2030 (Precedence Research)</li></ul><p>Suffice to say, market research firms expect the metaverse to make up a larger part of our lives over time.</p><p>If Meta executes well on its RL venture, we could see a metaverse giant in the making. Subsequently, Meta could start running ads in the metaverse, which becomes yet another growth catalyst for its ad segment.</p><p>Business Model</p><p>Meta operates two segments: FoA and RL.</p><p><i><b>Family of Apps</b></i></p><ul><li><b>Advertising Revenue</b>: Meta generates revenue by selling ad placements. Marketers pay for ad products based on the number of impressions or actions (such as clicks, conversion, etc.). Revenue is recognized once the impressions are delivered or when a user takes the action specified in the contract.</li><li><b>Other Revenue</b>: This consists of net fees received from developers and Revenue from other sources.</li></ul><p><i><b>Reality Labs</b></i></p><p>Meta generates RL Revenue from the sale of hardware products such as Meta Quest and Meta Portal, as well as other related software and content.</p><p>For both segments, Revenue is typically the strongest in Q4 due to strong demand during the holiday season.</p><p>As shown below, Meta&#39;s Advertising component still makes up the bulk of the entire business, at 98% of Total Revenue.</p><p><img src=\"https://static.tigerbbs.com/ea94d8d4304e379f3fc8ac62540d65e1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Growth</p><p>For the first time in its history, Meta reported a YoY decline in Revenue in Q2, which dropped by 1% to $28.8 billion. In the chart below, we can see how Revenue growth rates accelerated during the early days of the pandemic, peaking at 56% in 21Q2. Since then, Revenue decelerated substantially due to a number of headwinds which we&#39;ll discuss further below. That said, the sharp drop in growth has led many to conclude that Meta&#39;s growth story is finally over.</p><p><img src=\"https://static.tigerbbs.com/6b5f3c08a36d584ff22af080860a102a\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>During the Q2 earnings call, management highlighted a few headwinds to Revenue:</p><ul><li><b>Currency Exchange Pressure</b>: Strong US dollar is putting pressure on Meta&#39;s business outside of the US. On a constant currency basis, Revenue would have grown by 3% YoY.</li><li><b>Apple iOS Changes</b>: Management estimated a $10 billion impact for the year due to Apple&#39;s new privacy policy, which limits in-app data tracking.</li><li><b>Reels Growth</b>: Reels is still in its early stages and therefore, has not been monetized at the same rate as Feed or Stories. As users turn their attention to short-form video content, higher-monetizing surfaces naturally take a hit. But management&#39;s priority is to drive engagement and user growth — that means sacrificing near-term topline growth.</li><li><b>Macro Uncertainty</b>: Amidst a challenging macro environment, marketers are lowering ad spending.</li></ul><p>The table below shows Revenue by geography. We can see that North America and Europe — Meta&#39;s most mature markets — saw YoY declines in Q2. The drop in Europe is also due to the Russia-Ukraine war. On the other hand, Asia Pacific and Rest of World are still experiencing growth of 14% and 12%, respectively, primarily due to strong growth in click-to-messaging ads.<img src=\"https://static.tigerbbs.com/5dac71298166531d1e3681b8b0af6ab9\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>The total number of ad impressions in Q2 increased 15% YoY. The increase in ad impressions was due to a higher number of ads displayed across a larger user base. As shown below, Family Daily Active People [DAP] and Family Monthly Active People [MAP] both grew by 4% in Q2, to 2.88 billion and 3.65 billion, respectively.</p><p>On the other side, the average price per ad dropped by 14% YoY as a result of softening advertiser demand, a mix shift towards lower monetizing services, and currency pressures. As such Family Average Revenue Per Person [ARPP] dropped 5% YoY, to $7.91.</p><p><img src=\"https://static.tigerbbs.com/32b95206e93b6b93e062b46918a52c89\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Facebook Monthly Active Users [MAU] grew by 1% YoY. This is in spite of the loss of users in Russia and Ukraine, as seen by a 3% drop in Europe. Nonetheless, we could potentially see the first YoY drop in Facebook MAU in Q3 or Q4 this year.</p><p><img src=\"https://static.tigerbbs.com/dff7f3f49fe97915ac42a5eb946f6b17\" tg-width=\"640\" tg-height=\"279\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>For Facebook Average Revenue Per User [ARPU], observe how large of a variance there is on a geographic basis. For example, North America has an ARPU of $50.25 while Asia has an ARPU of $4.54. I brought this up because there lies an opportunity for Meta to increase monetization rates in regions outside of North America. That could be a significant Revenue driver for Meta.</p><p>That aside, Worldwide ARPU decreased 3% YoY to $9.82 as global advertising demand weakens.</p><p><img src=\"https://static.tigerbbs.com/4a0c68c620a9c2cd55b5d8c5b320f78f\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>We&#39;ve covered the advertising side of Meta&#39;s business. As for RL, Revenue in the segment accelerated in Q2, growing by 48% YoY to $452 million. All eyes are on the holiday quarters to see if demand remains robust. The recent price increases in Meta Quest 2 (that took effect on August 1st) could also be a Revenue booster for the segment.</p><p><img src=\"https://static.tigerbbs.com/0e110026f09b18cf26c5a7f7e32ec5ea\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>To summarize, Meta&#39;s advertising unit is facing headwinds as the company navigates through a tough macro environment. Growth is decelerating as advertising demand softens, which got many investors scared about the near-term outlook of the company. On the bright side, it is encouraging to see momentum in the RL segment, though it&#39;s still a very small part of Meta&#39;s overall business.</p><p>Profitability</p><p>Q2 Gross Profit was $23.6 billion, unchanged from last year. Meta boasts a high Gross Margin of 82% in the latest quarter. Gross Margin has been relatively stable at 80%+, showing high, consistent earnings potential.</p><p><img src=\"https://static.tigerbbs.com/96da9c05f677179ea8cf562277f66b06\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Operating Profit, on the other hand, is seeing some pressure, with Operating Margin trending downwards over the last few quarters. Overhiring is one reason to blame here, which is why the company has recently announced layoffs in an attempt to reduce costs.</p><p><img src=\"https://static.tigerbbs.com/e809fcad9a6c5a09f5466ed6e0a3f9e7\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Continued investments in product innovation, particularly in the RL segment, are also pressuring margins. The table below breaks down Operating Profit by segment — note that Meta began reporting RL separately starting from 20Q4.</p><p>As you can see, FoA Operating Margin, though in a downtrend, is still high at 39%. On the flip side, the RL segment is still chronically unprofitable, with high, negative triple-digit Operating Margins. But fear not, the income-producing FoA business more than covers the cash burn from its RL venture.</p><p><img src=\"https://static.tigerbbs.com/82a092bbb0016bf32cde6d26d0b3989e\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Management clearly stated that they&#39;re investing heavily in the metaverse, which explained why R&amp;D remains the highest component of Operating Expenses, as shown below. The metaverse is Meta&#39;s next big bet, as management believes that it would eventually &#34;unlock hundreds of billions of dollars, if not trillions, over time.&#34;</p><blockquote>This is obviously a very expensive undertaking over the next several years. But as the metaverse becomes more important in every part of how we live from our social platforms and entertainment to work and education and commerce, I&#39;m confident that we&#39;re going to be glad that we played an important role in building this.</blockquote><blockquote>(CEO Mark Zuckerberg — Q2 Earnings Call)</blockquote><p>It&#39;s only a matter of time before Reality Labs takes off.</p><p><img src=\"https://static.tigerbbs.com/1c3fa146b0605e9319c00e01b362a3d4\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Despite ongoing RL investments and macro headwinds, Meta is still a highly profitable business with Net Income Margins of 20%+.</p><p><img src=\"https://static.tigerbbs.com/30418a114c836cd529e03a5fc3639b01\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>More importantly, Meta has grown Earnings Per Share from a mere $0.01 per share in 2012 to $13.77 per share in 2021.</p><p><img src=\"https://static.tigerbbs.com/01e0e4914794dbf74927b81094f0c4ab\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Just like many businesses, Meta is facing a gloomy economic backdrop, causing profitability to deteriorate. Furthermore, investments in the metaverse — which may not turn out as big and bright as Zuckerberg envisioned — are also pressuring the company&#39;s bottom line.</p><p>In essence, Meta is sacrificing short-term profitability for long-term growth.</p><p>But zooming out, Meta did not disappoint — it is a high-quality business with strong fundamentals and improving earnings per share, characteristics that have historically produced market-beating shareholder value.</p><p>Financial Health</p><p>Meta has a fortress balance sheet with $40.5 billion of Cash and Short-term Investments. Total Debt stands at about $16.7 billion, which brings its Net Cash position to $23.8 billion. Its balance sheet is also quite liquid, with a Current Ratio of about 3x.</p><p><img src=\"https://static.tigerbbs.com/df5308841bd3d4378989279cc8e4f533\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Meta is also Free Cash Flow [FCF] positive. FCF for the last 12 months was $35.8 billion at an FCF margin of 30%.</p><p>The combination of high FCF, high Net Cash position, and plummeting valuation are why the company has been buying back shares aggressively. In 2021 alone, Meta bought back $50.1 billion worth of its own shares. As of Q2, Meta had $24.3 billion available and authorized for repurchases. With shares falling, I expect big buybacks in the coming quarters.</p><p><img src=\"https://static.tigerbbs.com/8fdc7f2197801f075985c203a52be086\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>All in all, Meta has a strong balance sheet. In times like these, profitability and financial health are crucial as the company sail through rough waters. It also means an opportunity for Meta to reinvest into growth and buyback shares while smaller, unprofitable competitors struggle to make ends meet.</p><p>Outlook</p><p>Management provided the following guidance:</p><ul><li><b>Q3 Revenue</b>: $26 to $28.5 billion. The company anticipates continued weakness in the advertising market as well as a 6% headwind from currency exchange rates.</li><li><b>Q3 RL Revenue</b>: lower than Q2 RL Revenue.</li><li><b>FY2022 Expenses</b>: $85 to $88 billion, lower than its previous estimate of $87 to $92 billion as the company reduces hiring and growth expenses.</li><li><b>FY2022 Capital Expenditures</b>: $30 to $34 billion.</li></ul><p>My take on the guidance is a mixed bag. For one, Meta expects a 6% YoY decline in Q3 Revenue (midpoint guidance), an acceleration from Q2&#39;s 1% decline. It&#39;s also 10% lower than analyst estimates, according to Consensus Gurus.</p><p>RL Revenue is also expected to drop QoQ — concerning as it also meant a YoY decline in Meta&#39;s &#34;fast-growing&#34; segment.</p><p>On the bright side, Total Expenses are expected to come down so the loss of Revenue has less of an impact on the company&#39;s bottom line.</p><p><img src=\"https://static.tigerbbs.com/4df5d15db00c7f5df015f70b7d1b81f8\" tg-width=\"640\" tg-height=\"177\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Consensus Gurus</p><p>The near-term outlook looks dismal due to macro uncertainty and tough YoY comps.</p><p>But don&#39;t worry, economic pain does not go on forever — it&#39;s only a matter of time before macro conditions improve.</p><p>As such, we should see Meta jumping back into growth mode in 2023 and beyond — analysts estimate 10%+ growth in the next three years.</p><p><img src=\"https://static.tigerbbs.com/6b8d7bc667675c9f256bbca61618d8b7\" tg-width=\"640\" tg-height=\"125\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Competitive Moats</p><p>Based on my research and analysis, I identified 4 competitive moats for Meta: technology, scale, network effects, and switching costs.</p><p><i><b>Technology</b></i></p><p>Meta pioneered social networking through Facebook. Over the past two decades, Facebook faced fierce competition from the likes of Myspace, Friendster, Snapchat (SNAP), Vine, Twitter (TWTR), TikTok, and others, but Facebook still reigned supreme. Many people think that Facebook is dead, but its latest quarter&#39;s results said otherwise: Facebook added 39 million MAU YoY.</p><p>In addition, Meta made very strategic acquisitions including Instagram and Whatsapp which further solidifies the company&#39;s technological prowess.</p><p>Even in the face of changing consumer preferences and digital trends, Meta was able to adapt quickly. Here are some examples:</p><ul><li>Facebook was initially built for desktops but it quickly developed a mobile application as smartphone adoption surged.</li><li>Instagram launched Stories to compete with Snap.</li><li>Instagram launched Reels to compete with TikTok.</li></ul><p>That speaks volumes about Meta&#39;s technology.</p><p>Not just for consumers, but for marketers as well. Meta&#39;s vast ad formats, high engagement, and data algorithm make it the most efficient platform for social media advertising, which is why companies all over the world turn to Meta, first and foremost, to promote their products and services.</p><p><img src=\"https://static.tigerbbs.com/3e6118cfad2c46e5e6298e40e79d7cd7\" tg-width=\"470\" tg-height=\"477\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Insider Intelligence</p><p>Meta also leads the charge in VR hardware through its acquisition of Oculus in 2014. Billions of dollars have been invested into its metaverse venture, which puts Meta and Oculus far ahead of emerging players.</p><p><i><b>Scale</b></i></p><p>As standalone apps, only TikTok had more downloads than any of Meta&#39;s apps, according to SensorTower. However, when combined together, Meta&#39;s FoA had the most downloads globally. And these are just downloads in a given period (Q2 of 2022 to be precise).</p><p><img src=\"https://static.tigerbbs.com/57f4c78ac7c949c357a4bdb81f01be87\" tg-width=\"1280\" tg-height=\"1038\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SensorTower</p><p>If we take a look at the total number of users, we can see that Facebook is still sitting at the number one spot, followed by WhatsApp and Instagram in third and fourth place, respectively. Without a doubt, Meta&#39;s FoA ecosystem is the largest in the social media realm.</p><p><img src=\"https://static.tigerbbs.com/e6e124a6099269d21811343fbb86ff4d\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessofApps</p><p>Turning to the VR space, Counterpoint claimed that Oculus had a 66% market share in 22Q2. Another source found that Oculus had a 90% market share in the VR headset market.</p><p><img src=\"https://static.tigerbbs.com/8d27d07ed800cf63a3024baaec7c783a\" tg-width=\"640\" tg-height=\"332\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Counterpoint</p><p>Being the top dog — both in the mature social media industry and the emerging VR industry — puts Meta in a favorable competitive position. Looking at the figures above, Meta seems to be running virtual monopolies in two separate industries. This type of scale presents Meta with two advantages:</p><ul><li><b>Economies of Scale</b>: For example, Meta&#39;s strong brand and wide adoption meant that the company could spend less on sales and marketing to acquire new customers or retain existing customers.</li><li><b>High Barriers to Entry</b>: For instance, Meta&#39;s larger, income-producing FoA segment is able to support the huge losses incurred from its RL segment. Smaller companies in the VR space do not have the luxury of a cash cow funding their ventures.</li></ul><p><i><b>Network Effects</b></i></p><p>As the number of users increases on Meta&#39;s platform, the greater the value of the platform. As we all know, the Meta ecosystem is massive:</p><ul><li>3.65 billion Family Monthly Active People, or ~45% of the world&#39;s population.</li><li>2.93 billion Facebook Monthly Active Users, or ~37% of the world&#39;s population.</li><li>200 million+ businesses use Meta&#39;s apps.</li></ul><p>As more users and businesses join the platform, more ads are produced. Subsequently, more data insights can be collected, which further strengthens Meta&#39;s algorithm and AI. In turn, marketers can launch more effective ad campaigns while users get more relevant content on their feeds.</p><p>The flywheel effect rolls on.</p><p>In addition, Meta could cross-sell products across its FoA and RL users — e.g. allowing businesses who use FoA to run ads on Horizon Worlds.</p><p>The number of users in the RL segment is not disclosed yet. But per Insider Intelligence, the number of AR and VR users in the US alone are rising by the day. As the metaverse welcomes more users, virtual real estate, digital items, and so on, the greater the network effects that Meta will eventually enjoy.</p><p><img src=\"https://static.tigerbbs.com/1f97553b2ffeb6c2771f959f5b5251e2\" tg-width=\"922\" tg-height=\"875\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Insider Intelligence</p><p><i><b>Switching Costs</b></i></p><p>Imagine having hundreds, if not thousands, of contacts saved in your WhatsApp. Would you go to the trouble of switching to another app, which your friends or family may or may not be using?</p><p>Imagine having hundreds, if not millions, of followers on Facebook or Instagram. Would you abandon these apps and start building your following from scratch again on a new app?</p><p>Imagine already being comfortable and familiar with Meta&#39;s FoA after spending years in those apps. Would you consider leaving those apps and learning the ins and outs of a whole new app?</p><p>Most of you would answer &#34;no&#34; to all three scenarios.</p><p>That&#39;s Meta&#39;s high switching costs moat in action — and that&#39;s why Meta&#39;s FoA is so sticky.</p><p>Another reason why people stay on these platforms is that they offer specific use cases, namely social networking (Facebook), chatting (Whatsapp and Messenger), and content sharing (Instagram).</p><p>Other apps do not offer such complete use cases. For example:</p><ul><li>TikTok is focused on short-form video entertainment.</li><li>LinkedIn is focused on professional networking.</li><li>Pinterest (PINS) is focused on high-intent idea discovery.</li></ul><p>Valuation</p><p>If you were to look at Meta&#39;s recent stock price action, you might mistake it for a high-flying, unprofitable, small-cap stock — as of this writing, Meta is down 65% from its all-time highs, unheard of from a wide-moat, FCF-generative, mega-cap company.</p><p>A year ago, Meta surpassed the $1 trillion mark... for a brief moment.</p><p>Today, it is only worth ~$365 billion.</p><p>Slowing growth, rising competition, currency pressures, high inflation/interest rates, and RL speculation are to blame here.</p><p>Following the selloff, Meta&#39;s share price is back to where it was in 2016.</p><p>But here&#39;s what also happened in that 6 long years:</p><ul><li>Revenue grew ~332%.</li><li>Earning per share grew ~246%.</li></ul><p>As the share price collapses, valuation multiples have compressed to levels never seen before. Meta now trades at a P/E Ratio and P/FCF multiple of 10.5x and 11.2x, respectively. These multiples — which typically trade at around 30.0x — suggest that Meta is in deep value territory.</p><p><img src=\"https://static.tigerbbs.com/a7b6f62bc6d5119ef6a0cc396613cbdd\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>To put that into further perspective, other mega caps are trading at much more expensive P/E ratios:</p><ul><li>Apple (AAPL): 22.8x</li><li>Microsoft (MSFT): 24.2x</li><li>Alphabet (GOOG): 17.8x</li><li>Amazon (AMZN): 101.4x</li><li>Tesla (TSLA): 95.9x</li></ul><p>Yes, Meta has been facing a few road bumps lately and will continue to experience headwinds in the near future. However, I believe that conditions will improve in 2023 and the company will eventually recover and return to growth mode.</p><p>Bears may argue that Meta&#39;s Revenue would take a massive hit as companies all over the world pull back ad spending amidst a global recession. But the advertising industry is much more resilient than many think.</p><p>Take Google — who&#39;s also an advertising giant — for example. Revenue barely dipped during the Great Financial Crisis.</p><p><img src=\"https://static.tigerbbs.com/077bc617db924ce893b79ce04565b1ff\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>We could potentially see the same scenario for Meta — slight Revenue drop, followed by a quick recovery.</p><p>Meta&#39;s price chart reflects a broken company with a broken stock. But fundamentally, Meta has a resilient business model with strong competitive advantages. It also has the emerging RL segment, which could be a significant Revenue driver in the years to come.</p><p>In essence, buying Meta shares today means betting on two things:</p><ul><li>A swift recovery in FoA and its ad business.</li><li>RL hypergrowth and profitability.</li></ul><p>The stock continues to fall, so much so that it&#39;s difficult to ignore. Even Meta is scooping up its own shares at a blistering pace.</p><p>At today&#39;s prices, investors get a large margin of safety with significant upside potential.</p><p>Catalysts</p><ul><li><b>TikTok Ban</b>: ByteDance, the $300 billion Chinese tech giant, is the parent company of TikTok. That said, anything Chinese-related these days are under serious regulatory scrutiny. For instance, India banned TikTok in 2020 over privacy and security concerns. A few months ago, FCC member Brendan Carr urged Apple and Google to remove TikTok from their app stores over spying concerns. If TikTok is taken down, we could see a massive migration to Reels.</li><li><b>Reality Labs</b>: Of course, the biggest catalyst for Meta is for its RL segment to take off. After all, the company has poured billions into the unit. In the next few years, we should see major updates in the VR department. For example, Meta is reportedly working on releasing a higher-end VR headset, code-named Project Cambria — the higher price point also means a nice step toward profitability. Meta also plans to launch its AR Glasses with AR Wristbands in 2024. Keep in mind that hardware could be a stable revenue stream as consumers look to replace their VR headsets every 2 to 3 years, much like how people buy new iPhones every year or so. On the software side, Meta could generate substantial Revenue by charging fees on transactions that occur in the Meta Quest Store or Horizon Worlds. Rumor has it that Meta plans to take a 47.5% cut on virtual asset sales in its metaverse. With that said, RL seems to be a software/hardware powerhouse in the making.</li><li><b>Reels</b>: As discussed earlier, Reels has yet to be monetized at the same rate as Feed or Stories, and is cannibalizing sales from higher-monetized products. But with the growing popularity of short-form videos, it won&#39;t be long before Reels overtake the other products offered by Meta. As a matter of fact, Reels has crossed the $1 billion run rate, higher than Stories did at identical times post-launch, according to management. As such, it&#39;s only a matter of time before FoA returns to growth mode.</li></ul><blockquote>Reels engagement is also growing quickly. I shared last quarter that Reels already made up 20% of the time that people spend on Instagram. This quarter we saw a more than 30% increase in the time that people spent engaging with Reels across Facebook and Instagram. AI advances are driving a lot of these improvements, and one example is that after launching a new large AI model for recommendations, we saw a 15% increase in watch time in the Reels video player on Facebook alone. So I think that there are many improvements like this that we&#39;ll continue to make.</blockquote><blockquote>(CEO Mark Zuckerberg — Q2 Earnings Call)</blockquote><p>Risks</p><ul><li><b>Competition</b>: While Meta remains the global leader in social media, we can&#39;t completely ignore the competition. As seen below, TikTok and YouTube have higher Average Daily Minutes Spent In-App During Q2 2022 than Instagram and Facebook. Losing user time and attention to competitors meant less monetization opportunity for Meta. Apple is also expanding its ad business which may cause marketers to reevaluate their ad budget allocation strategies as there are more ad platforms to choose from. In addition, Apple is expected to unveil its AR/VR headset sometime next year, which would likely add pressure to Meta&#39;s RL sales.</li></ul><p><img src=\"https://static.tigerbbs.com/765cb8c21fbf2225a692dfa2884c8265\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SensorTower</p><ul><li><b>Policy Changes</b>: Data privacy changes and other regulatory developments could significantly impact Meta&#39;s operations. For example, Apple&#39;s 2021 iOS update allows iPhone users to opt-out of in-app data tracking, which limits digital advertisers&#39; ability to gain user insights. This led to an estimated $10 billion impact on Meta&#39;s advertising business.</li><li><b>Recession</b>: As you can see in the chart below, global advertising spending fell YoY in each of the last three major recessions (2001, 2008, and 2020). With spiking interest rates and raging inflation, a looming global recession could cut advertising spending across industries.</li></ul><p><img src=\"https://static.tigerbbs.com/2caf30850f1e51f67dad7b7904dc4fec\" tg-width=\"640\" tg-height=\"479\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Statista</p><ul><li><b>Sunk Cost Fallacy</b>: This is a phenomenon whereby a company is more likely to continue with a project because they have invested heavily in it, even when it&#39;s clear that shutting down the project would be more beneficial. Having invested billions into the metaverse, could Meta be a victim of the sunk cost fallacy? It&#39;s too early to tell. After all, the metaverse could go bust.</li></ul><p>Conclusion</p><p>Meta is undoubtedly going through some challenges including macro uncertainty, rising competition, Reels cannibalization, iOS privacy changes, and currency pressures.</p><p>Weakening profitability metrics, slowing growth, and the unpredictability of RL make it all the more concerning for investors.</p><p>That is why shares are down 65% from all-time highs.</p><p>At a P/E ratio of just 10x, investors get to buy a high-quality, wide-moat business at a large margin of safety.</p><p>These headwinds are temporary — it&#39;s only a matter of time before conditions improve.</p><p>When things do get better, shares would have appreciated substantially.</p><p>Buy when there&#39;s blood in the streets. Buy when there are dark, gloomy headlines. Buy when no one else wants to buy.</p><p>It always pays to be a contrarian.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta: It's Only A Meta Of Time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta: It's Only A Meta Of Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Family of Apps return to growth mode.It's only a matter of time before macro conditions improve.By ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2272016980","content_text":"SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Family of Apps return to growth mode.It's only a matter of time before macro conditions improve.By then, Meta's stock price would've been significantly higher.It pays to be a contrarian today.This is the OASIS. It’s a place where the limits of reality are your own imagination. You can do anything, go anywhere.(Wade Watts — Ready Player One, 2018)From the movie Ready Player One, the OASIS (Ontologically Anthropocentric Sensory Immersive Simulation) is a massive multiplayer online simulation game that takes place in a virtual reality world, or as we call it, the metaverse.I was skeptical of the metaverse — I'm not a gamer nor a tech enthusiast. But when I watched this movie, it gave me a perspective of what the future of gaming may look like.Then one day, I tried Meta's VR headset — it completely changed my perception of virtual reality.In this article, I dive deep into Meta's (NASDAQ:META) business, financials, opportunities, challenges, and more. Enjoy!Investment ThesisToday, investors get to buy Meta's advertising business on the cheap. In addition, they get to piggyback Meta's emerging virtual reality unit, which could be a massive opportunity for the company if executed well.Shares of Meta are down big. Macro headwinds, rising competition, iOS changes, weakening profitability, and metaverse uncertainty are to blame here.But these headwinds are temporary — it's only a matter of time before things change for the better.And when they do, investors would've missed most of the gains.As such, it pays to be a contrarian today.Value PropositionIn 2003, Harvard sophomore Mark Zuckerberg launched a website called Facemash. He wrote a piece of software that hacked into the university's servers, downloading and uploading photos of students — without consent — into his newly-built website. In turn, Facemash visitors could see two student photos side-by-side with the prompt \"Who's Hotter? Click to Choose.\"Word of the new website spread like wildfire as people began rating who's hot and who's not. This caught the attention of the Harvard administration who, a few days later, shut down Facemash. Zuckerberg, on the other hand, faced charges for hacking campus security and violating individual privacy. He also faced expulsion.Fortunately, all charges against him were dropped.Not long later, Zuckerberg launched Facebook on February 2004.Facebook was allegedly an idea stolen from three Harvard seniors who wanted to launch a social networking website called HarvardConnection. A lawsuit was filed against Zuckerberg. But again, he dodged another bullet and eventually walked off scot-free.To grow the website, Zuckerberg turned to fellow students Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, and Chris Hughes. The 5 co-founders expanded the site to additional universities, to employees, to other countries, and eventually made the social networking website available to anyone 13 years or older with a valid email address.By end of 2004, Facebook had 1 million active users. By 2010, the number blew up to 500 million, becoming the world's largest social networking service.In essence, Facebook enables people to share life's moments, connect with others, and build communities. It was intended for social networking purposes but has now grown into a platform for news, shopping, dating, and more.In 2011, the company launched Messenger, a simple, instant messaging app and platform for consumers and businesses. Today, users can also make audio and video calls.The following year, the company acquired photo-sharing startup Instagram for $1 billion — a hefty amount for a company with only 13 employees. However, Instagram, arguably, turned out to be the company's most successful acquisition to date.With Instagram, users can share photos and videos through different formats: regular posts through Feed; temporary content through Stories; short-form videos through Reels; and livestream through Live. Users can also chat and shop through the app.Not long after the Instagram acquisition, Facebook went public in May 2012.Two years later, Facebook made another acquisition — a blockbuster one to say the least. In 2014, WhatsApp joined the Facebook family... at a price tag of $19 billion.WhatsApp is a simple and secure messaging app that allows people to communicate through the internet, rather than through a traditional cellphone messaging platform and network.Apple StoreFacebook, Instagram, Messenger, and WhatsApp make up Meta's Family of Apps, or FoA. These are the social media/communication platforms that billions of everyday consumers have come to love and appreciate.These apps are also mediums for businesses, both small and large, to grow their communities. In simple terms, FoA provides companies with the:platform to showcase content outside of their native websites.communication tools to engage with consumers.ad space to reach relevant customers.opportunity to grow online sales.Meta is also moving beyond 2D screens toward immersive experiences provided by augmented reality [AR] and virtual reality [VR].A month after its WhatsApp acquisition, Facebook acquired Oculus — a leader in VR technology and headsets — for $2 billion. Zuckerberg believes that VR technology will be important in next-generation social and communications platforms.At that time (2014), the acquisition left many scratching their heads, wondering why would a software-enabled social media ad giant acquire a hardware company that seemed to be completely unrelated to FoA.MetaFast forward to 2022, Wall St and Main St are starting to see what Zuckerberg sees. In recent years, it's normal to hear people conversing about AR, VR, and the metaverse. According to Investopedia:The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually.Not surprisingly, Meta is one of the only few companies making bold investments into the space, offering consumers cutting-edge VR hardware, software, and content through their Reality Labs[RL] division.Without going too much into detail, RL consists of three device groups:Virtual Reality: people can enjoy 3D games like Beat Saber, powered by Meta Quest headsets, which start from $399 a piece. Meta is also working on Horizon Worlds, a shared virtual 3D space for all, and Horizon Workrooms, a shared virtual office for workers to collaborate and interact with one another.Meta Horizon WorkroomsSmart Glasses: Meta has partnered with Ray-Ban to develop smart glasses with features such as built-in cameras, open-ear audio, and social sharing capabilities, to name a few. Though VR features are still limited, these smart glasses are a less intimidating option than the bulky VR headsets offered by Meta.Meta Portal: These are a family of video calling devices with built-in virtual assistant technology, smart cameras, and compatibility with apps like Zoom (ZM), Messenger, and WhatsApp. These devices are probably the ones that left me with the most question marks as it seems to be a redundant component of Meta's entire product line. Plus, consumers are better off buying an iPad, which offers more functionality.Meta PortalThe concepts of AR, VR, and the metaverse are still new. But they're gaining more acceptance and adoption by the day, as envisioned by Zuckerberg. At the same time, they're still speculations — we don't know whether the metaverse is a thing of the future or just a fad.But one thing's for sure: Zuckerberg is going all in on this venture, as stated by the company's updated mission statement:Our mission is to give people the power to build community and bring the world closer together.All of our products, including our apps, share the vision of helping to bring the metaverse to life.(META FY2021 10-K)The company went as far as changing its company name and ticker symbol.Ultimately, Meta's RL venture could redefine the way people work, play, and interact with one another, through virtual worlds. Combined with Meta's FoA, we could see a whole new social networking experience come to fruition in the coming years.Market OpportunityMeta operates in two separate industries: advertising and the metaverse. I'll address the market opportunity for each, starting with the ad market.AdvertisingI believe there are a few levers that drive the social media ad industry:Average time spent on social media platforms.The number of social media users.E-commerce market share.As we all know, the early days of the pandemic led to governments all over the world exercising social distancing and stay-at-home policies. In addition, corporations globally passed work-from-home policies, leaving billions of people stuck at home. As such, many people turned to the internet to alleviate their boredom. This includes scrolling through social media such as Facebook, Instagram, and TikTok. As shown by Oberlo, the Average Time Spent on Social Media was 145+ minutes in 2020 and beyond.OberloWhile the figure seemed to have plateaued, we can see that Global Social Media Users continued to grow, and are expected to reach 4.59 billion by the end of 2022. So, on a gross basis, Time Spent on Social Media platforms actually increased.OberloAs more users spend more time online, they naturally spend more money online. According to Insider Intelligence, Retail Ecommerce Sales Worldwide grew by 26% in 2020, an acceleration of 21% in 2019, to $4.2 trillion. That number is expected to continue its growth trajectory, reaching $8.1 trillion by 2026. Robust growth in the Ecommerce sector is a prime reason why companies globally are allocating more budget for digital ad marketing, including ads on social media platforms. The Statista graph below shows Social Media Advertising Spending Worldwide over the years, and we can see that it has been growing rapidly.StatistaAs long as these three major trends persist, they should be a tailwind for social media ad platforms like TikTok and Instagram. And since Meta is predominantly an ad business, these trends should benefit Meta in the long run.That's the boring, old ad industry.Now let's turn to the more exciting industry: the metaverse.MetaverseThere are several key players that would eventually contribute to the growth of the metaverse:Hardware: In order for people to immerse themselves into the metaverse, they need VR hardware, and presently, the VR headset offered by Meta Quest is the most readily available. Chip manufacturers also play a role in this category as it requires exceptional processing power to achieve optimal experience — companies like Nvidia (NVDA) and AMD (AMD) come to mind. Data center REITs — such as Digital Realty Trust (DLR) and Equinix (EQIX) — also play a crucial role as data centers are required to support the growth of the metaverse. Even 3D space capture and virtual touring companies like Matterport (MTTR) could be a part of the metaverse as physical real estate turns increasingly virtual.Software: There needs to be a software stack for developers to build and support 3D worlds, games, spaces, items, etc. One particular company is Unity Software (U).Virtual Real Estate: Unlike the real world, the metaverse could be limitless. But just like all real estate, location, location, location matters — the company that can provide the most desirable shared virtual space should prevail. Meta is already working on this with the launch of Horizon Worlds. Another prominent player in the space is Roblox (RBLX) which already has companies like Walmart (WMT) and Gucci buying its digital real estate. The more users and businesses populate a particular virtual space, the more valuable that real estate gets, thus allowing the virtual landlord to charge higher \"rent\".WalmartDigital Currency: Although the current crypto winter might be scaring some consumers away, we all know that crypto is gaining more acceptance and adoption by the day — crypto could be the currency of choice for transactions in the metaverse. Crypto exchanges like Binance and Coinbase (COIN) could provide the infrastructure to process these transactions.Digital Items: Buying and selling items in the virtual world is already common, especially in blockbuster games such as Fortnite and Warcraft. In the metaverse, participants can buy and sell NFTs — NFT marketplaces like Opensea could provide the infrastructure for people to exchange these digital items.So these are several investment vehicles investors can partake in the speculative growth of the metaverse. Meta seems to be focusing on the software and virtual real estate components of the metaverse, though they may expand to other areas to offer consumers a full ecosystem experience.Nevertheless, the metaverse is still a nascent category so it's incredibly difficult to predict the trajectory, let alone quantify the potential size, of the industry. But here are a few estimates by several industry analysts:$825 billion by 2030 (Verified Market Research)$679 billion by 2030 (Grand View Research)$1,607 billion by 2030 (Precedence Research)Suffice to say, market research firms expect the metaverse to make up a larger part of our lives over time.If Meta executes well on its RL venture, we could see a metaverse giant in the making. Subsequently, Meta could start running ads in the metaverse, which becomes yet another growth catalyst for its ad segment.Business ModelMeta operates two segments: FoA and RL.Family of AppsAdvertising Revenue: Meta generates revenue by selling ad placements. Marketers pay for ad products based on the number of impressions or actions (such as clicks, conversion, etc.). Revenue is recognized once the impressions are delivered or when a user takes the action specified in the contract.Other Revenue: This consists of net fees received from developers and Revenue from other sources.Reality LabsMeta generates RL Revenue from the sale of hardware products such as Meta Quest and Meta Portal, as well as other related software and content.For both segments, Revenue is typically the strongest in Q4 due to strong demand during the holiday season.As shown below, Meta's Advertising component still makes up the bulk of the entire business, at 98% of Total Revenue.META Investor Relations and Author's AnalysisGrowthFor the first time in its history, Meta reported a YoY decline in Revenue in Q2, which dropped by 1% to $28.8 billion. In the chart below, we can see how Revenue growth rates accelerated during the early days of the pandemic, peaking at 56% in 21Q2. Since then, Revenue decelerated substantially due to a number of headwinds which we'll discuss further below. That said, the sharp drop in growth has led many to conclude that Meta's growth story is finally over.META Investor Relations and Author's AnalysisDuring the Q2 earnings call, management highlighted a few headwinds to Revenue:Currency Exchange Pressure: Strong US dollar is putting pressure on Meta's business outside of the US. On a constant currency basis, Revenue would have grown by 3% YoY.Apple iOS Changes: Management estimated a $10 billion impact for the year due to Apple's new privacy policy, which limits in-app data tracking.Reels Growth: Reels is still in its early stages and therefore, has not been monetized at the same rate as Feed or Stories. As users turn their attention to short-form video content, higher-monetizing surfaces naturally take a hit. But management's priority is to drive engagement and user growth — that means sacrificing near-term topline growth.Macro Uncertainty: Amidst a challenging macro environment, marketers are lowering ad spending.The table below shows Revenue by geography. We can see that North America and Europe — Meta's most mature markets — saw YoY declines in Q2. The drop in Europe is also due to the Russia-Ukraine war. On the other hand, Asia Pacific and Rest of World are still experiencing growth of 14% and 12%, respectively, primarily due to strong growth in click-to-messaging ads.META Investor Relations and Author's AnalysisThe total number of ad impressions in Q2 increased 15% YoY. The increase in ad impressions was due to a higher number of ads displayed across a larger user base. As shown below, Family Daily Active People [DAP] and Family Monthly Active People [MAP] both grew by 4% in Q2, to 2.88 billion and 3.65 billion, respectively.On the other side, the average price per ad dropped by 14% YoY as a result of softening advertiser demand, a mix shift towards lower monetizing services, and currency pressures. As such Family Average Revenue Per Person [ARPP] dropped 5% YoY, to $7.91.META Investor Relations and Author's AnalysisFacebook Monthly Active Users [MAU] grew by 1% YoY. This is in spite of the loss of users in Russia and Ukraine, as seen by a 3% drop in Europe. Nonetheless, we could potentially see the first YoY drop in Facebook MAU in Q3 or Q4 this year.META Investor Relations and Author's AnalysisFor Facebook Average Revenue Per User [ARPU], observe how large of a variance there is on a geographic basis. For example, North America has an ARPU of $50.25 while Asia has an ARPU of $4.54. I brought this up because there lies an opportunity for Meta to increase monetization rates in regions outside of North America. That could be a significant Revenue driver for Meta.That aside, Worldwide ARPU decreased 3% YoY to $9.82 as global advertising demand weakens.META Investor Relations and Author's AnalysisWe've covered the advertising side of Meta's business. As for RL, Revenue in the segment accelerated in Q2, growing by 48% YoY to $452 million. All eyes are on the holiday quarters to see if demand remains robust. The recent price increases in Meta Quest 2 (that took effect on August 1st) could also be a Revenue booster for the segment.META Investor Relations and Author's AnalysisTo summarize, Meta's advertising unit is facing headwinds as the company navigates through a tough macro environment. Growth is decelerating as advertising demand softens, which got many investors scared about the near-term outlook of the company. On the bright side, it is encouraging to see momentum in the RL segment, though it's still a very small part of Meta's overall business.ProfitabilityQ2 Gross Profit was $23.6 billion, unchanged from last year. Meta boasts a high Gross Margin of 82% in the latest quarter. Gross Margin has been relatively stable at 80%+, showing high, consistent earnings potential.META Investor Relations and Author's AnalysisOperating Profit, on the other hand, is seeing some pressure, with Operating Margin trending downwards over the last few quarters. Overhiring is one reason to blame here, which is why the company has recently announced layoffs in an attempt to reduce costs.META Investor Relations and Author's AnalysisContinued investments in product innovation, particularly in the RL segment, are also pressuring margins. The table below breaks down Operating Profit by segment — note that Meta began reporting RL separately starting from 20Q4.As you can see, FoA Operating Margin, though in a downtrend, is still high at 39%. On the flip side, the RL segment is still chronically unprofitable, with high, negative triple-digit Operating Margins. But fear not, the income-producing FoA business more than covers the cash burn from its RL venture.META Investor Relations and Author's AnalysisManagement clearly stated that they're investing heavily in the metaverse, which explained why R&D remains the highest component of Operating Expenses, as shown below. The metaverse is Meta's next big bet, as management believes that it would eventually \"unlock hundreds of billions of dollars, if not trillions, over time.\"This is obviously a very expensive undertaking over the next several years. But as the metaverse becomes more important in every part of how we live from our social platforms and entertainment to work and education and commerce, I'm confident that we're going to be glad that we played an important role in building this.(CEO Mark Zuckerberg — Q2 Earnings Call)It's only a matter of time before Reality Labs takes off.META Investor Relations and Author's AnalysisDespite ongoing RL investments and macro headwinds, Meta is still a highly profitable business with Net Income Margins of 20%+.META Investor Relations and Author's AnalysisMore importantly, Meta has grown Earnings Per Share from a mere $0.01 per share in 2012 to $13.77 per share in 2021.Data by YChartsJust like many businesses, Meta is facing a gloomy economic backdrop, causing profitability to deteriorate. Furthermore, investments in the metaverse — which may not turn out as big and bright as Zuckerberg envisioned — are also pressuring the company's bottom line.In essence, Meta is sacrificing short-term profitability for long-term growth.But zooming out, Meta did not disappoint — it is a high-quality business with strong fundamentals and improving earnings per share, characteristics that have historically produced market-beating shareholder value.Financial HealthMeta has a fortress balance sheet with $40.5 billion of Cash and Short-term Investments. Total Debt stands at about $16.7 billion, which brings its Net Cash position to $23.8 billion. Its balance sheet is also quite liquid, with a Current Ratio of about 3x.META Investor Relations and Author's AnalysisMeta is also Free Cash Flow [FCF] positive. FCF for the last 12 months was $35.8 billion at an FCF margin of 30%.The combination of high FCF, high Net Cash position, and plummeting valuation are why the company has been buying back shares aggressively. In 2021 alone, Meta bought back $50.1 billion worth of its own shares. As of Q2, Meta had $24.3 billion available and authorized for repurchases. With shares falling, I expect big buybacks in the coming quarters.META Investor Relations and Author's AnalysisAll in all, Meta has a strong balance sheet. In times like these, profitability and financial health are crucial as the company sail through rough waters. It also means an opportunity for Meta to reinvest into growth and buyback shares while smaller, unprofitable competitors struggle to make ends meet.OutlookManagement provided the following guidance:Q3 Revenue: $26 to $28.5 billion. The company anticipates continued weakness in the advertising market as well as a 6% headwind from currency exchange rates.Q3 RL Revenue: lower than Q2 RL Revenue.FY2022 Expenses: $85 to $88 billion, lower than its previous estimate of $87 to $92 billion as the company reduces hiring and growth expenses.FY2022 Capital Expenditures: $30 to $34 billion.My take on the guidance is a mixed bag. For one, Meta expects a 6% YoY decline in Q3 Revenue (midpoint guidance), an acceleration from Q2's 1% decline. It's also 10% lower than analyst estimates, according to Consensus Gurus.RL Revenue is also expected to drop QoQ — concerning as it also meant a YoY decline in Meta's \"fast-growing\" segment.On the bright side, Total Expenses are expected to come down so the loss of Revenue has less of an impact on the company's bottom line.Consensus GurusThe near-term outlook looks dismal due to macro uncertainty and tough YoY comps.But don't worry, economic pain does not go on forever — it's only a matter of time before macro conditions improve.As such, we should see Meta jumping back into growth mode in 2023 and beyond — analysts estimate 10%+ growth in the next three years.Seeking AlphaCompetitive MoatsBased on my research and analysis, I identified 4 competitive moats for Meta: technology, scale, network effects, and switching costs.TechnologyMeta pioneered social networking through Facebook. Over the past two decades, Facebook faced fierce competition from the likes of Myspace, Friendster, Snapchat (SNAP), Vine, Twitter (TWTR), TikTok, and others, but Facebook still reigned supreme. Many people think that Facebook is dead, but its latest quarter's results said otherwise: Facebook added 39 million MAU YoY.In addition, Meta made very strategic acquisitions including Instagram and Whatsapp which further solidifies the company's technological prowess.Even in the face of changing consumer preferences and digital trends, Meta was able to adapt quickly. Here are some examples:Facebook was initially built for desktops but it quickly developed a mobile application as smartphone adoption surged.Instagram launched Stories to compete with Snap.Instagram launched Reels to compete with TikTok.That speaks volumes about Meta's technology.Not just for consumers, but for marketers as well. Meta's vast ad formats, high engagement, and data algorithm make it the most efficient platform for social media advertising, which is why companies all over the world turn to Meta, first and foremost, to promote their products and services.Insider IntelligenceMeta also leads the charge in VR hardware through its acquisition of Oculus in 2014. Billions of dollars have been invested into its metaverse venture, which puts Meta and Oculus far ahead of emerging players.ScaleAs standalone apps, only TikTok had more downloads than any of Meta's apps, according to SensorTower. However, when combined together, Meta's FoA had the most downloads globally. And these are just downloads in a given period (Q2 of 2022 to be precise).SensorTowerIf we take a look at the total number of users, we can see that Facebook is still sitting at the number one spot, followed by WhatsApp and Instagram in third and fourth place, respectively. Without a doubt, Meta's FoA ecosystem is the largest in the social media realm.BusinessofAppsTurning to the VR space, Counterpoint claimed that Oculus had a 66% market share in 22Q2. Another source found that Oculus had a 90% market share in the VR headset market.CounterpointBeing the top dog — both in the mature social media industry and the emerging VR industry — puts Meta in a favorable competitive position. Looking at the figures above, Meta seems to be running virtual monopolies in two separate industries. This type of scale presents Meta with two advantages:Economies of Scale: For example, Meta's strong brand and wide adoption meant that the company could spend less on sales and marketing to acquire new customers or retain existing customers.High Barriers to Entry: For instance, Meta's larger, income-producing FoA segment is able to support the huge losses incurred from its RL segment. Smaller companies in the VR space do not have the luxury of a cash cow funding their ventures.Network EffectsAs the number of users increases on Meta's platform, the greater the value of the platform. As we all know, the Meta ecosystem is massive:3.65 billion Family Monthly Active People, or ~45% of the world's population.2.93 billion Facebook Monthly Active Users, or ~37% of the world's population.200 million+ businesses use Meta's apps.As more users and businesses join the platform, more ads are produced. Subsequently, more data insights can be collected, which further strengthens Meta's algorithm and AI. In turn, marketers can launch more effective ad campaigns while users get more relevant content on their feeds.The flywheel effect rolls on.In addition, Meta could cross-sell products across its FoA and RL users — e.g. allowing businesses who use FoA to run ads on Horizon Worlds.The number of users in the RL segment is not disclosed yet. But per Insider Intelligence, the number of AR and VR users in the US alone are rising by the day. As the metaverse welcomes more users, virtual real estate, digital items, and so on, the greater the network effects that Meta will eventually enjoy.Insider IntelligenceSwitching CostsImagine having hundreds, if not thousands, of contacts saved in your WhatsApp. Would you go to the trouble of switching to another app, which your friends or family may or may not be using?Imagine having hundreds, if not millions, of followers on Facebook or Instagram. Would you abandon these apps and start building your following from scratch again on a new app?Imagine already being comfortable and familiar with Meta's FoA after spending years in those apps. Would you consider leaving those apps and learning the ins and outs of a whole new app?Most of you would answer \"no\" to all three scenarios.That's Meta's high switching costs moat in action — and that's why Meta's FoA is so sticky.Another reason why people stay on these platforms is that they offer specific use cases, namely social networking (Facebook), chatting (Whatsapp and Messenger), and content sharing (Instagram).Other apps do not offer such complete use cases. For example:TikTok is focused on short-form video entertainment.LinkedIn is focused on professional networking.Pinterest (PINS) is focused on high-intent idea discovery.ValuationIf you were to look at Meta's recent stock price action, you might mistake it for a high-flying, unprofitable, small-cap stock — as of this writing, Meta is down 65% from its all-time highs, unheard of from a wide-moat, FCF-generative, mega-cap company.A year ago, Meta surpassed the $1 trillion mark... for a brief moment.Today, it is only worth ~$365 billion.Slowing growth, rising competition, currency pressures, high inflation/interest rates, and RL speculation are to blame here.Following the selloff, Meta's share price is back to where it was in 2016.But here's what also happened in that 6 long years:Revenue grew ~332%.Earning per share grew ~246%.As the share price collapses, valuation multiples have compressed to levels never seen before. Meta now trades at a P/E Ratio and P/FCF multiple of 10.5x and 11.2x, respectively. These multiples — which typically trade at around 30.0x — suggest that Meta is in deep value territory.Data by YChartsTo put that into further perspective, other mega caps are trading at much more expensive P/E ratios:Apple (AAPL): 22.8xMicrosoft (MSFT): 24.2xAlphabet (GOOG): 17.8xAmazon (AMZN): 101.4xTesla (TSLA): 95.9xYes, Meta has been facing a few road bumps lately and will continue to experience headwinds in the near future. However, I believe that conditions will improve in 2023 and the company will eventually recover and return to growth mode.Bears may argue that Meta's Revenue would take a massive hit as companies all over the world pull back ad spending amidst a global recession. But the advertising industry is much more resilient than many think.Take Google — who's also an advertising giant — for example. Revenue barely dipped during the Great Financial Crisis.Data by YChartsWe could potentially see the same scenario for Meta — slight Revenue drop, followed by a quick recovery.Meta's price chart reflects a broken company with a broken stock. But fundamentally, Meta has a resilient business model with strong competitive advantages. It also has the emerging RL segment, which could be a significant Revenue driver in the years to come.In essence, buying Meta shares today means betting on two things:A swift recovery in FoA and its ad business.RL hypergrowth and profitability.The stock continues to fall, so much so that it's difficult to ignore. Even Meta is scooping up its own shares at a blistering pace.At today's prices, investors get a large margin of safety with significant upside potential.CatalystsTikTok Ban: ByteDance, the $300 billion Chinese tech giant, is the parent company of TikTok. That said, anything Chinese-related these days are under serious regulatory scrutiny. For instance, India banned TikTok in 2020 over privacy and security concerns. A few months ago, FCC member Brendan Carr urged Apple and Google to remove TikTok from their app stores over spying concerns. If TikTok is taken down, we could see a massive migration to Reels.Reality Labs: Of course, the biggest catalyst for Meta is for its RL segment to take off. After all, the company has poured billions into the unit. In the next few years, we should see major updates in the VR department. For example, Meta is reportedly working on releasing a higher-end VR headset, code-named Project Cambria — the higher price point also means a nice step toward profitability. Meta also plans to launch its AR Glasses with AR Wristbands in 2024. Keep in mind that hardware could be a stable revenue stream as consumers look to replace their VR headsets every 2 to 3 years, much like how people buy new iPhones every year or so. On the software side, Meta could generate substantial Revenue by charging fees on transactions that occur in the Meta Quest Store or Horizon Worlds. Rumor has it that Meta plans to take a 47.5% cut on virtual asset sales in its metaverse. With that said, RL seems to be a software/hardware powerhouse in the making.Reels: As discussed earlier, Reels has yet to be monetized at the same rate as Feed or Stories, and is cannibalizing sales from higher-monetized products. But with the growing popularity of short-form videos, it won't be long before Reels overtake the other products offered by Meta. As a matter of fact, Reels has crossed the $1 billion run rate, higher than Stories did at identical times post-launch, according to management. As such, it's only a matter of time before FoA returns to growth mode.Reels engagement is also growing quickly. I shared last quarter that Reels already made up 20% of the time that people spend on Instagram. This quarter we saw a more than 30% increase in the time that people spent engaging with Reels across Facebook and Instagram. AI advances are driving a lot of these improvements, and one example is that after launching a new large AI model for recommendations, we saw a 15% increase in watch time in the Reels video player on Facebook alone. So I think that there are many improvements like this that we'll continue to make.(CEO Mark Zuckerberg — Q2 Earnings Call)RisksCompetition: While Meta remains the global leader in social media, we can't completely ignore the competition. As seen below, TikTok and YouTube have higher Average Daily Minutes Spent In-App During Q2 2022 than Instagram and Facebook. Losing user time and attention to competitors meant less monetization opportunity for Meta. Apple is also expanding its ad business which may cause marketers to reevaluate their ad budget allocation strategies as there are more ad platforms to choose from. In addition, Apple is expected to unveil its AR/VR headset sometime next year, which would likely add pressure to Meta's RL sales.SensorTowerPolicy Changes: Data privacy changes and other regulatory developments could significantly impact Meta's operations. For example, Apple's 2021 iOS update allows iPhone users to opt-out of in-app data tracking, which limits digital advertisers' ability to gain user insights. This led to an estimated $10 billion impact on Meta's advertising business.Recession: As you can see in the chart below, global advertising spending fell YoY in each of the last three major recessions (2001, 2008, and 2020). With spiking interest rates and raging inflation, a looming global recession could cut advertising spending across industries.StatistaSunk Cost Fallacy: This is a phenomenon whereby a company is more likely to continue with a project because they have invested heavily in it, even when it's clear that shutting down the project would be more beneficial. Having invested billions into the metaverse, could Meta be a victim of the sunk cost fallacy? It's too early to tell. After all, the metaverse could go bust.ConclusionMeta is undoubtedly going through some challenges including macro uncertainty, rising competition, Reels cannibalization, iOS privacy changes, and currency pressures.Weakening profitability metrics, slowing growth, and the unpredictability of RL make it all the more concerning for investors.That is why shares are down 65% from all-time highs.At a P/E ratio of just 10x, investors get to buy a high-quality, wide-moat business at a large margin of safety.These headwinds are temporary — it's only a matter of time before conditions improve.When things do get better, shares would have appreciated substantially.Buy when there's blood in the streets. Buy when there are dark, gloomy headlines. Buy when no one else wants to buy.It always pays to be a contrarian.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919403136,"gmtCreate":1663833328526,"gmtModify":1676537346261,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Can you stop it please&nbsp;","listText":"Can you stop it please&nbsp;","text":"Can you stop it please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9919403136","repostId":"2269112061","repostType":2,"repost":{"id":"2269112061","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663832184,"share":"https://ttm.financial/m/news/2269112061?lang=&edition=fundamental","pubTime":"2022-09-22 15:36","market":"us","language":"en","title":"UK to Examine Cloud Services Dominated By Amazon, Microsoft and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2269112061","media":"Reuters","summary":"LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a marke","content":"<html><head></head><body><p>LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the &#34;hyperscalers&#34; Amazon, Microsoft and Alphabet&#39;s Google, which together account for around 81% of revenue.</p><p>Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.</p><p>It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.</p><p>It plans to publish a final report within 12 months, it said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK to Examine Cloud Services Dominated By Amazon, Microsoft and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUK to Examine Cloud Services Dominated By Amazon, Microsoft and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-22 15:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the &#34;hyperscalers&#34; Amazon, Microsoft and Alphabet&#39;s Google, which together account for around 81% of revenue.</p><p>Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.</p><p>It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.</p><p>It plans to publish a final report within 12 months, it said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","GOOG":"谷歌","AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269112061","content_text":"LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the \"hyperscalers\" Amazon, Microsoft and Alphabet's Google, which together account for around 81% of revenue.Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.It plans to publish a final report within 12 months, it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919516964,"gmtCreate":1663818206458,"gmtModify":1676537343272,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Asx200","listText":"Asx200","text":"Asx200","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919516964","repostId":"2269190589","repostType":2,"repost":{"id":"2269190589","kind":"highlight","pubTimestamp":1663817684,"share":"https://ttm.financial/m/news/2269190589?lang=&edition=fundamental","pubTime":"2022-09-22 11:34","language":"en","title":"Which ASX Lithium Shares Are Performing Best in 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=2269190589","media":"MotleyFool","summary":"ASX lithium shares have become market darlings over the past couple of years. They’ve arguably repla","content":"<html><head></head><body><p>ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything upside down.</p><p>The price of lithium has risen astronomically as the world continues to grow a whole new industry in electric vehicle (EV) manufacturing.</p><p>In fact, the value of lithium carbonate hit a record high this month at US$71,370.50 per tonne.</p><p>According to Trading Economics, that’s an 80% increase year to date “as surging demand coincides with lower supply”.</p><p>No wonder ASX lithium shares are garnering a lot of attention.</p><h2>Which ASX lithium shares are performing best right now?</h2><p>Let’s do a snapshot of how some of the largest ASX lithium shares (by market capitalisation) are performing year to date in 2022.</p><ul><li>The <b><a href=\"https://laohu8.com/S/PLS.AU\">Pilbara Minerals Ltd</a></b> (ASX: PLS) share price is 40.3% higher (market cap $14.59 billion)</li><li>The <b>Allkem Ltd</b> (ASX: AKE) share price is 39.9% higher ($10.17 billion)</li><li>The <b>Core Lithium Ltd</b> (ASX: CXO) share price is 123% higher ($2.5 billion)</li><li>The <b><a href=\"https://laohu8.com/S/SYA.AU\">Sayona Mining Ltd</a></b> (ASX: SYA) share price is 78.6% higher ($2.2 billion)</li><li>The <b><a href=\"https://laohu8.com/S/LKE.AU\">Lake Resources NL</a></b> (ASX: LKE) share price is down 2.75% ($1.45 billion).</li></ul><p>Here’s a snapshot of how some of the junior ASX lithium shares are doing this year. Always remember, buying nano, micro and small-cap shares can be risky business, so tread carefully and do your research.</p><ul><li>The <b>Global Lithium Resources Ltd</b> (ASX: GL1) share price is 121% higher (market cap $535 million)</li><li>The <b><a href=\"https://laohu8.com/S/ASN.AU\">Anson Resources</a> Ltd</b> (ASX: ASN) share price is 160.7% higher ($396.74 million)</li><li>The <b>Arizona Lithium Ltd</b> (ASX: AZL) share price is down 29.2% ($209.66 million)</li><li>The <b>Iris Metals Ltd</b> (ASX: IR1) share price is 186.2% higher ($198.94 million)</li><li>The <b><a href=\"https://laohu8.com/S/RAS.AU\">Ragusa Minerals</a> Ltd</b> (ASX: RAS) share price is 300% higher ($35.34M).</li></ul><h2>Business performance vs. share price performance</h2><p>As seasoned investors know, the performance of a business doesn’t necessarily correspond with the performance of its share price and vice versa. Annoying, right?</p><p>This is especially the case with young, growing companies that the market is excited about. Investors can sometimes bid the share price up on expectations of future profits, not current profits.</p><p>Share price growth doesn’t necessarily indicate great revenue and profit, or superior management. So when assessing ASX lithium shares for investment, you can’t just look at what the share prices have done lately. You need to get under the hood and check the inner workings of each company are sound.</p><p>With reporting season just behind us, let’s compare a few metrics on the two largest ASX lithium shares.</p><p>Pilbara Minerals FY22 results</p><ul><li>Revenue up 577% year-over-year (yoy) to $1.2 billion</li><li>EBITDA of $814.5 million, up from $21.4 million in FY21</li><li>Statutory net profit after tax (NPAT) of $561.8 million, up from a loss of $51.4 million loss in FY21</li><li>Share price went up 53.4% over FY22</li><li>Price-to-earnings (P/E) ratio of 17.86 compared to 9.51 for the sector today.</li></ul><p>Allkem FY22 results</p><ul><li>Revenue up 800% yoy to US$770 million</li><li>EBITDAIX of US$513.1 million</li><li>Consolidated NPAT of US$337 million, up from a loss of US$89.5 million in FY21</li><li>Share price went up 54.8% over FY22</li><li>P/E ratio today of 17.53 compared to 9.51 for the sector today.</li></ul><h2>Why is the value of lithium rising?</h2><p>The reasons behind this month’s record lithium price are clear.</p><p>According to Trading Economics analysis:</p><blockquote>Added stimulus and cash incentives by local Chinese governments spurred growth in demand of electric vehicles in the world’s second largest economy, notching a 100% year-on-year increase in August.</blockquote><blockquote>In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases.</blockquote><blockquote>On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to suspend operations, adding to the upside of soaring lithium costs in the near-term.</blockquote><blockquote>Scarcity led auto manufacturers with large bets on battery electric vehicles to compete for long-term supply contracts, including Ford and Stellantis. Also, electric vehicle giant Tesla mulled building its own lithium refinery in Texas.</blockquote></body></html>","source":"motleyfoolau_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Which ASX Lithium Shares Are Performing Best in 2022?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhich ASX Lithium Shares Are Performing Best in 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything ...</p>\n\n<a href=\"https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LKE.AU":"LAKE RESOURCES NL","BK7039":"金融交易所和数据","AKE.AU":"Allkem Limited","SYA.AU":"SAYONA MINING LTD","CXO.AU":"CORE LITHIUM LTD","PLS.AU":"PILBARA MINERALS LTD","BK4526":"热门中概股","BK4141":"半导体产品"},"source_url":"https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269190589","content_text":"ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything upside down.The price of lithium has risen astronomically as the world continues to grow a whole new industry in electric vehicle (EV) manufacturing.In fact, the value of lithium carbonate hit a record high this month at US$71,370.50 per tonne.According to Trading Economics, that’s an 80% increase year to date “as surging demand coincides with lower supply”.No wonder ASX lithium shares are garnering a lot of attention.Which ASX lithium shares are performing best right now?Let’s do a snapshot of how some of the largest ASX lithium shares (by market capitalisation) are performing year to date in 2022.The Pilbara Minerals Ltd (ASX: PLS) share price is 40.3% higher (market cap $14.59 billion)The Allkem Ltd (ASX: AKE) share price is 39.9% higher ($10.17 billion)The Core Lithium Ltd (ASX: CXO) share price is 123% higher ($2.5 billion)The Sayona Mining Ltd (ASX: SYA) share price is 78.6% higher ($2.2 billion)The Lake Resources NL (ASX: LKE) share price is down 2.75% ($1.45 billion).Here’s a snapshot of how some of the junior ASX lithium shares are doing this year. Always remember, buying nano, micro and small-cap shares can be risky business, so tread carefully and do your research.The Global Lithium Resources Ltd (ASX: GL1) share price is 121% higher (market cap $535 million)The Anson Resources Ltd (ASX: ASN) share price is 160.7% higher ($396.74 million)The Arizona Lithium Ltd (ASX: AZL) share price is down 29.2% ($209.66 million)The Iris Metals Ltd (ASX: IR1) share price is 186.2% higher ($198.94 million)The Ragusa Minerals Ltd (ASX: RAS) share price is 300% higher ($35.34M).Business performance vs. share price performanceAs seasoned investors know, the performance of a business doesn’t necessarily correspond with the performance of its share price and vice versa. Annoying, right?This is especially the case with young, growing companies that the market is excited about. Investors can sometimes bid the share price up on expectations of future profits, not current profits.Share price growth doesn’t necessarily indicate great revenue and profit, or superior management. So when assessing ASX lithium shares for investment, you can’t just look at what the share prices have done lately. You need to get under the hood and check the inner workings of each company are sound.With reporting season just behind us, let’s compare a few metrics on the two largest ASX lithium shares.Pilbara Minerals FY22 resultsRevenue up 577% year-over-year (yoy) to $1.2 billionEBITDA of $814.5 million, up from $21.4 million in FY21Statutory net profit after tax (NPAT) of $561.8 million, up from a loss of $51.4 million loss in FY21Share price went up 53.4% over FY22Price-to-earnings (P/E) ratio of 17.86 compared to 9.51 for the sector today.Allkem FY22 resultsRevenue up 800% yoy to US$770 millionEBITDAIX of US$513.1 millionConsolidated NPAT of US$337 million, up from a loss of US$89.5 million in FY21Share price went up 54.8% over FY22P/E ratio today of 17.53 compared to 9.51 for the sector today.Why is the value of lithium rising?The reasons behind this month’s record lithium price are clear.According to Trading Economics analysis:Added stimulus and cash incentives by local Chinese governments spurred growth in demand of electric vehicles in the world’s second largest economy, notching a 100% year-on-year increase in August.In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases.On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to suspend operations, adding to the upside of soaring lithium costs in the near-term.Scarcity led auto manufacturers with large bets on battery electric vehicles to compete for long-term supply contracts, including Ford and Stellantis. Also, electric vehicle giant Tesla mulled building its own lithium refinery in Texas.","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9056398000,"gmtCreate":1654937138900,"gmtModify":1676535537391,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Send Adress fixing","listText":"Send Adress fixing","text":"Send Adress fixing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056398000","repostId":"2242635344","repostType":4,"repost":{"id":"2242635344","kind":"highlight","pubTimestamp":1654916290,"share":"https://ttm.financial/m/news/2242635344?lang=&edition=fundamental","pubTime":"2022-06-11 10:58","market":"us","language":"en","title":"2 Stocks to Buy and Hold Through Any Market Downturn","url":"https://stock-news.laohu8.com/highlight/detail?id=2242635344","media":"Motley Fool","summary":"These two companies have a couple of crucial qualities in common.","content":"<html><head></head><body><p>Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it&#39;s even better if management is willing and able to adapt to a changing business environment.</p><p>These are excellent qualities in the best of times as well. However, flexibility and a solid financial footing will separate the wheat from the chaff when the market turns bearish. These are the companies that will survive the longest and roughest of storms, looking like a winner amid the widespread wreckage on the other side.</p><p>So if you expect the economy to continue the downtrend of the last six months, you should consider grabbing a few shares of <b>Micron Technology</b>  and <b>Alphabet</b> right now. These businesses come with heaping helpings of the game-changing features mentioned above, and the deal gets even sweeter when the stocks are trading at fire-sale prices.</p><h2>A solid financial platform</h2><p>Let&#39;s get the numbers out of the way first.</p><p>Google parent Alphabet has $20.9 billion of cash equivalents on its balance sheet, paired with just $14.8 billion in long-term debt. But that&#39;s not all. In a pinch, Alphabet could also sell off its marketable securities -- stocks, bonds, and other not-quite-cash assets -- valued at $113 billion at the end of March.</p><p>So Alphabet carries liquid assets worth approximately 8 times as much as its long-term debt. If the cash flow spigot suddenly shuts off, these reserves would carry the company through many years or even decades of dark times.</p><p>Memory-chip maker Micron should be a different story because it works in a different sector. Alphabet&#39;s operations are asset-light and highly profitable, while Micron invests billions of dollars in semiconductor manufacturing equipment every year. It&#39;s only fair to expect Micron&#39;s balance sheet to tilt heavily in the direction of massive debts and limited cash.</p><p>But the company plays a different tune. As of March 3, Micron carried $10.1 billion of cash and short-term investments against just $7 billion in long-term debt. Yes, Micron&#39;s debt leverage is a little bit less comfortable than Alphabet&#39;s, but the company is in excellent financial shape considering the asset-rich sector it&#39;s in.</p><p>Both Micron and Alphabet are also adding to their cash hoards, generating generous free cash flows every year:</p><p><img src=\"https://static.tigerbbs.com/294e44ec991217e05531996c5bcf25c3\" tg-width=\"1015\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>GOOG and MU Free Cash Flow data by YCharts</p><h2>Keeping an open mind</h2><p>Flexibility is the other half of my formula for long-term success in any type of market.</p><p>I shouldn&#39;t need to remind you that Alphabet is the king of trying new ideas. Google&#39;s search and advertising services have made Alphabet <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most valuable companies in the world, but management has long been planning for the next stage. The potential growth drivers of that stretch include the Waymo self-driving car business, health services from Verily Life Sciences, and high-speed internet connections by Google Fiber.</p><p>The proliferation of future business ideas not named Google is the reason behind the name change to Alphabet in 2015. By disconnecting the corporate name from the Google brand, Alphabet set itself up to become a cross-sector conglomerate in the long run.</p><p>In short, Alphabet keeps a stirringly open mind to new business ideas. Whatever comes next, the company will poke and prod at the new environment until it finds a healthy and profitable niche (or five). With the backing of that ultra-solid balance sheet, I see no reason why Alphabet shouldn&#39;t thrive through the next downturn and beyond.</p><p>Micron isn&#39;t quite as adventurous as Alphabet, of course. Once again, the company has invested many billions in a global chip-making infrastructure and you can&#39;t just flip a switch to run that business in a totally different direction.</p><p>But Micron has grown up from a smallish chipmaker in a highly fragmented industry to a leading supplier in a new era. There are only a couple of memory-chip companies left on the market after several rounds of pricing pressure, bankruptcies, buyouts, and consolidation. Micron has always emerged from these challenging cycles as a winner, picking up the ashes of its failed rivals in pennies-on-the-dollar bankruptcy auctions.</p><p>The mature version of the memory industry that you see today has also been good for Micron. The sector as a whole has started to slow down the boom-and-bust cycles of low chip supplies, massive factory investments, and oversupply. Micron&#39;s strategy these days is to increase its manufacturing capacity in line with rising demand for memory chips, and no more.</p><p>So Micron may not be leading the charge into unknown territory the way Alphabet does, but the company has a proven ability to adopt the right strategy for a variety of market conditions. That should keep Micron going strong for the long run, come chip shortages or low waters.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks to Buy and Hold Through Any Market Downturn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks to Buy and Hold Through Any Market Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-11 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it's even better if management is willing and able to adapt to a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242635344","content_text":"Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it's even better if management is willing and able to adapt to a changing business environment.These are excellent qualities in the best of times as well. However, flexibility and a solid financial footing will separate the wheat from the chaff when the market turns bearish. These are the companies that will survive the longest and roughest of storms, looking like a winner amid the widespread wreckage on the other side.So if you expect the economy to continue the downtrend of the last six months, you should consider grabbing a few shares of Micron Technology  and Alphabet right now. These businesses come with heaping helpings of the game-changing features mentioned above, and the deal gets even sweeter when the stocks are trading at fire-sale prices.A solid financial platformLet's get the numbers out of the way first.Google parent Alphabet has $20.9 billion of cash equivalents on its balance sheet, paired with just $14.8 billion in long-term debt. But that's not all. In a pinch, Alphabet could also sell off its marketable securities -- stocks, bonds, and other not-quite-cash assets -- valued at $113 billion at the end of March.So Alphabet carries liquid assets worth approximately 8 times as much as its long-term debt. If the cash flow spigot suddenly shuts off, these reserves would carry the company through many years or even decades of dark times.Memory-chip maker Micron should be a different story because it works in a different sector. Alphabet's operations are asset-light and highly profitable, while Micron invests billions of dollars in semiconductor manufacturing equipment every year. It's only fair to expect Micron's balance sheet to tilt heavily in the direction of massive debts and limited cash.But the company plays a different tune. As of March 3, Micron carried $10.1 billion of cash and short-term investments against just $7 billion in long-term debt. Yes, Micron's debt leverage is a little bit less comfortable than Alphabet's, but the company is in excellent financial shape considering the asset-rich sector it's in.Both Micron and Alphabet are also adding to their cash hoards, generating generous free cash flows every year:GOOG and MU Free Cash Flow data by YChartsKeeping an open mindFlexibility is the other half of my formula for long-term success in any type of market.I shouldn't need to remind you that Alphabet is the king of trying new ideas. Google's search and advertising services have made Alphabet one of the most valuable companies in the world, but management has long been planning for the next stage. The potential growth drivers of that stretch include the Waymo self-driving car business, health services from Verily Life Sciences, and high-speed internet connections by Google Fiber.The proliferation of future business ideas not named Google is the reason behind the name change to Alphabet in 2015. By disconnecting the corporate name from the Google brand, Alphabet set itself up to become a cross-sector conglomerate in the long run.In short, Alphabet keeps a stirringly open mind to new business ideas. Whatever comes next, the company will poke and prod at the new environment until it finds a healthy and profitable niche (or five). With the backing of that ultra-solid balance sheet, I see no reason why Alphabet shouldn't thrive through the next downturn and beyond.Micron isn't quite as adventurous as Alphabet, of course. Once again, the company has invested many billions in a global chip-making infrastructure and you can't just flip a switch to run that business in a totally different direction.But Micron has grown up from a smallish chipmaker in a highly fragmented industry to a leading supplier in a new era. There are only a couple of memory-chip companies left on the market after several rounds of pricing pressure, bankruptcies, buyouts, and consolidation. Micron has always emerged from these challenging cycles as a winner, picking up the ashes of its failed rivals in pennies-on-the-dollar bankruptcy auctions.The mature version of the memory industry that you see today has also been good for Micron. The sector as a whole has started to slow down the boom-and-bust cycles of low chip supplies, massive factory investments, and oversupply. Micron's strategy these days is to increase its manufacturing capacity in line with rising demand for memory chips, and no more.So Micron may not be leading the charge into unknown territory the way Alphabet does, but the company has a proven ability to adopt the right strategy for a variety of market conditions. That should keep Micron going strong for the long run, come chip shortages or low waters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023991423,"gmtCreate":1652843982762,"gmtModify":1676535173866,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023991423","repostId":"9029767472","repostType":1,"repost":{"id":9029767472,"gmtCreate":1652829192000,"gmtModify":1676535169677,"author":{"id":"4103332230805300","authorId":"4103332230805300","name":"Smartkarma","avatar":"https://community-static.tradeup.com/news/39fffba2ff205c2730b5bf07e3de6647","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4103332230805300","idStr":"4103332230805300"},"themes":[],"title":"India Bans Wheat Exports; Baby Formula & Diesel Shortage in US: Repeat of Beggar Thy Neighbor Policy","htmlText":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&amp;B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue.&nbsp; By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","listText":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&amp;B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue.&nbsp; By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","text":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue. By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029767472","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029720633,"gmtCreate":1652832070922,"gmtModify":1676535169685,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Thanks for everyone's trust me to do this ,,,,,","listText":"Thanks for everyone's trust me to do this ,,,,,","text":"Thanks for everyone's trust me to do this ,,,,,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029720633","repostId":"1190255854","repostType":2,"repost":{"id":"1190255854","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652797134,"share":"https://ttm.financial/m/news/1190255854?lang=&edition=fundamental","pubTime":"2022-05-17 22:18","market":"us","language":"en","title":"Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1190255854","media":"Tiger Newspress","summary":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 b","content":"<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-17 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190255854","content_text":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029438207,"gmtCreate":1652823649909,"gmtModify":1676535166018,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9029438207","repostId":"1190255854","repostType":2,"repost":{"id":"1190255854","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652797134,"share":"https://ttm.financial/m/news/1190255854?lang=&edition=fundamental","pubTime":"2022-05-17 22:18","market":"us","language":"en","title":"Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1190255854","media":"Tiger Newspress","summary":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 b","content":"<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-17 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190255854","content_text":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065090566,"gmtCreate":1652119566155,"gmtModify":1676535032793,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4114059921898242","idStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065090566","repostId":"1132050506","repostType":4,"repost":{"id":"1132050506","kind":"news","pubTimestamp":1651805985,"share":"https://ttm.financial/m/news/1132050506?lang=&edition=fundamental","pubTime":"2022-05-06 10:59","market":"us","language":"en","title":"Big Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow","url":"https://stock-news.laohu8.com/highlight/detail?id=1132050506","media":"TheStreet","summary":"Apple, Microsoft, Alphabet, Amazon, Tesla, Meta and Nvidia, which are among the Top 10 largest companies by market capitalization, had a bad day.","content":"<html><head></head><body><p>Is Silicon Valley in a recession?</p><p>The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors&#39; eyes turned to most of the so-called growth assets, in other words tech.</p><p>The Fed lifted its Fed Funds rate by 50 basis points, to a range of 0.75% to 1%, its largest rate hike in more than two decades.</p><p>The central bank also confirmed plans to reduce its $8.9 trillion balance sheet, with $47.5 billion in sales starting on June 1 with a cap on its monthly asset sales at $95 billion, comprised of $60 billion in Treasury bonds and $35 billion in mortgage bonds.</p><p>&#34;The Fed now finds itself in a peculiar situation where it’s forced to implement aggressive policy tightening at a time when economic indicators are beginning to soften,&#34; said Peter Essele, head of portfolio management, Commonwealth Financial Network. &#34;The Fed has indicated its preference for a soft landing; however, if history is any indication, the Fed often misses the mark and things end with a thud.&#34;</p><p><b>Big Tech Down</b></p><p>Essele added that &#34;the performance of recent equity markets would suggest that investors aren’t too convinced the Fed can engineer a parachute landing this time around with the economy.&#34;</p><p>For investors, the aggressiveness of the Fed suggests difficult times for the economy. Tech groups will be among the first companies affected if consumers and businesses reduce their purchases for fear of a difficult tomorrow. On the other hand, tech groups, which are often seen as growth sectors, tend to live on promises. In doing so, they need cheap money to finance their innovations.</p><p>Recession fears have therefore unsurprisingly affected the entire tech sector. The behemoths of the sector have been heavily impacted. </p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> shares lost 5.57% at $156.77, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> shares declined 4,36% at $277.35 Thursday. <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> share were down 4.76% at $2,334.93, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> shares dropped 7.56% at $2,328.14. <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> shares slid 8.33% to $873.28, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> shares tumbled 6.77% to end at $208.28 and <a href=\"https://laohu8.com/S/NVDA\">Nvidia  </a> shares fell 7.33% at $188.44.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is Silicon Valley in a recession?The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary...</p>\n\n<a href=\"https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","NVDA":"英伟达","AAPL":"苹果","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132050506","content_text":"Is Silicon Valley in a recession?The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors' eyes turned to most of the so-called growth assets, in other words tech.The Fed lifted its Fed Funds rate by 50 basis points, to a range of 0.75% to 1%, its largest rate hike in more than two decades.The central bank also confirmed plans to reduce its $8.9 trillion balance sheet, with $47.5 billion in sales starting on June 1 with a cap on its monthly asset sales at $95 billion, comprised of $60 billion in Treasury bonds and $35 billion in mortgage bonds.\"The Fed now finds itself in a peculiar situation where it’s forced to implement aggressive policy tightening at a time when economic indicators are beginning to soften,\" said Peter Essele, head of portfolio management, Commonwealth Financial Network. \"The Fed has indicated its preference for a soft landing; however, if history is any indication, the Fed often misses the mark and things end with a thud.\"Big Tech DownEssele added that \"the performance of recent equity markets would suggest that investors aren’t too convinced the Fed can engineer a parachute landing this time around with the economy.\"For investors, the aggressiveness of the Fed suggests difficult times for the economy. Tech groups will be among the first companies affected if consumers and businesses reduce their purchases for fear of a difficult tomorrow. On the other hand, tech groups, which are often seen as growth sectors, tend to live on promises. In doing so, they need cheap money to finance their innovations.Recession fears have therefore unsurprisingly affected the entire tech sector. The behemoths of the sector have been heavily impacted. Apple shares lost 5.57% at $156.77, while Microsoft shares declined 4,36% at $277.35 Thursday. Alphabet share were down 4.76% at $2,334.93, Amazon shares dropped 7.56% at $2,328.14. Tesla shares slid 8.33% to $873.28, Meta Platforms shares tumbled 6.77% to end at $208.28 and Nvidia   shares fell 7.33% at $188.44.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9919403136,"gmtCreate":1663833328526,"gmtModify":1676537346261,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Can you stop it please&nbsp;","listText":"Can you stop it please&nbsp;","text":"Can you stop it please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9919403136","repostId":"2269112061","repostType":2,"repost":{"id":"2269112061","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663832184,"share":"https://ttm.financial/m/news/2269112061?lang=&edition=fundamental","pubTime":"2022-09-22 15:36","market":"us","language":"en","title":"UK to Examine Cloud Services Dominated By Amazon, Microsoft and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2269112061","media":"Reuters","summary":"LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a marke","content":"<html><head></head><body><p>LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the &#34;hyperscalers&#34; Amazon, Microsoft and Alphabet&#39;s Google, which together account for around 81% of revenue.</p><p>Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.</p><p>It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.</p><p>It plans to publish a final report within 12 months, it said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK to Examine Cloud Services Dominated By Amazon, Microsoft and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUK to Examine Cloud Services Dominated By Amazon, Microsoft and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-22 15:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the &#34;hyperscalers&#34; Amazon, Microsoft and Alphabet&#39;s Google, which together account for around 81% of revenue.</p><p>Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.</p><p>It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.</p><p>It plans to publish a final report within 12 months, it said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","GOOG":"谷歌","AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269112061","content_text":"LONDON, Sept 22 (Reuters) - Britain said it would investigate competition in cloud services, a market dominated by the \"hyperscalers\" Amazon, Microsoft and Alphabet's Google, which together account for around 81% of revenue.Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.It plans to publish a final report within 12 months, it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9056398000,"gmtCreate":1654937138900,"gmtModify":1676535537391,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Send Adress fixing","listText":"Send Adress fixing","text":"Send Adress fixing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056398000","repostId":"2242635344","repostType":4,"repost":{"id":"2242635344","kind":"highlight","pubTimestamp":1654916290,"share":"https://ttm.financial/m/news/2242635344?lang=&edition=fundamental","pubTime":"2022-06-11 10:58","market":"us","language":"en","title":"2 Stocks to Buy and Hold Through Any Market Downturn","url":"https://stock-news.laohu8.com/highlight/detail?id=2242635344","media":"Motley Fool","summary":"These two companies have a couple of crucial qualities in common.","content":"<html><head></head><body><p>Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it&#39;s even better if management is willing and able to adapt to a changing business environment.</p><p>These are excellent qualities in the best of times as well. However, flexibility and a solid financial footing will separate the wheat from the chaff when the market turns bearish. These are the companies that will survive the longest and roughest of storms, looking like a winner amid the widespread wreckage on the other side.</p><p>So if you expect the economy to continue the downtrend of the last six months, you should consider grabbing a few shares of <b>Micron Technology</b>  and <b>Alphabet</b> right now. These businesses come with heaping helpings of the game-changing features mentioned above, and the deal gets even sweeter when the stocks are trading at fire-sale prices.</p><h2>A solid financial platform</h2><p>Let&#39;s get the numbers out of the way first.</p><p>Google parent Alphabet has $20.9 billion of cash equivalents on its balance sheet, paired with just $14.8 billion in long-term debt. But that&#39;s not all. In a pinch, Alphabet could also sell off its marketable securities -- stocks, bonds, and other not-quite-cash assets -- valued at $113 billion at the end of March.</p><p>So Alphabet carries liquid assets worth approximately 8 times as much as its long-term debt. If the cash flow spigot suddenly shuts off, these reserves would carry the company through many years or even decades of dark times.</p><p>Memory-chip maker Micron should be a different story because it works in a different sector. Alphabet&#39;s operations are asset-light and highly profitable, while Micron invests billions of dollars in semiconductor manufacturing equipment every year. It&#39;s only fair to expect Micron&#39;s balance sheet to tilt heavily in the direction of massive debts and limited cash.</p><p>But the company plays a different tune. As of March 3, Micron carried $10.1 billion of cash and short-term investments against just $7 billion in long-term debt. Yes, Micron&#39;s debt leverage is a little bit less comfortable than Alphabet&#39;s, but the company is in excellent financial shape considering the asset-rich sector it&#39;s in.</p><p>Both Micron and Alphabet are also adding to their cash hoards, generating generous free cash flows every year:</p><p><img src=\"https://static.tigerbbs.com/294e44ec991217e05531996c5bcf25c3\" tg-width=\"1015\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>GOOG and MU Free Cash Flow data by YCharts</p><h2>Keeping an open mind</h2><p>Flexibility is the other half of my formula for long-term success in any type of market.</p><p>I shouldn&#39;t need to remind you that Alphabet is the king of trying new ideas. Google&#39;s search and advertising services have made Alphabet <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most valuable companies in the world, but management has long been planning for the next stage. The potential growth drivers of that stretch include the Waymo self-driving car business, health services from Verily Life Sciences, and high-speed internet connections by Google Fiber.</p><p>The proliferation of future business ideas not named Google is the reason behind the name change to Alphabet in 2015. By disconnecting the corporate name from the Google brand, Alphabet set itself up to become a cross-sector conglomerate in the long run.</p><p>In short, Alphabet keeps a stirringly open mind to new business ideas. Whatever comes next, the company will poke and prod at the new environment until it finds a healthy and profitable niche (or five). With the backing of that ultra-solid balance sheet, I see no reason why Alphabet shouldn&#39;t thrive through the next downturn and beyond.</p><p>Micron isn&#39;t quite as adventurous as Alphabet, of course. Once again, the company has invested many billions in a global chip-making infrastructure and you can&#39;t just flip a switch to run that business in a totally different direction.</p><p>But Micron has grown up from a smallish chipmaker in a highly fragmented industry to a leading supplier in a new era. There are only a couple of memory-chip companies left on the market after several rounds of pricing pressure, bankruptcies, buyouts, and consolidation. Micron has always emerged from these challenging cycles as a winner, picking up the ashes of its failed rivals in pennies-on-the-dollar bankruptcy auctions.</p><p>The mature version of the memory industry that you see today has also been good for Micron. The sector as a whole has started to slow down the boom-and-bust cycles of low chip supplies, massive factory investments, and oversupply. Micron&#39;s strategy these days is to increase its manufacturing capacity in line with rising demand for memory chips, and no more.</p><p>So Micron may not be leading the charge into unknown territory the way Alphabet does, but the company has a proven ability to adopt the right strategy for a variety of market conditions. That should keep Micron going strong for the long run, come chip shortages or low waters.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks to Buy and Hold Through Any Market Downturn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks to Buy and Hold Through Any Market Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-11 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it's even better if management is willing and able to adapt to a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技","GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2022/06/10/2-stocks-to-buy-and-hold-in-any-market-downturn/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242635344","content_text":"Some investments are better equipped to survive recessions and market corrections than others. A strong balance sheet helps a lot, and it's even better if management is willing and able to adapt to a changing business environment.These are excellent qualities in the best of times as well. However, flexibility and a solid financial footing will separate the wheat from the chaff when the market turns bearish. These are the companies that will survive the longest and roughest of storms, looking like a winner amid the widespread wreckage on the other side.So if you expect the economy to continue the downtrend of the last six months, you should consider grabbing a few shares of Micron Technology  and Alphabet right now. These businesses come with heaping helpings of the game-changing features mentioned above, and the deal gets even sweeter when the stocks are trading at fire-sale prices.A solid financial platformLet's get the numbers out of the way first.Google parent Alphabet has $20.9 billion of cash equivalents on its balance sheet, paired with just $14.8 billion in long-term debt. But that's not all. In a pinch, Alphabet could also sell off its marketable securities -- stocks, bonds, and other not-quite-cash assets -- valued at $113 billion at the end of March.So Alphabet carries liquid assets worth approximately 8 times as much as its long-term debt. If the cash flow spigot suddenly shuts off, these reserves would carry the company through many years or even decades of dark times.Memory-chip maker Micron should be a different story because it works in a different sector. Alphabet's operations are asset-light and highly profitable, while Micron invests billions of dollars in semiconductor manufacturing equipment every year. It's only fair to expect Micron's balance sheet to tilt heavily in the direction of massive debts and limited cash.But the company plays a different tune. As of March 3, Micron carried $10.1 billion of cash and short-term investments against just $7 billion in long-term debt. Yes, Micron's debt leverage is a little bit less comfortable than Alphabet's, but the company is in excellent financial shape considering the asset-rich sector it's in.Both Micron and Alphabet are also adding to their cash hoards, generating generous free cash flows every year:GOOG and MU Free Cash Flow data by YChartsKeeping an open mindFlexibility is the other half of my formula for long-term success in any type of market.I shouldn't need to remind you that Alphabet is the king of trying new ideas. Google's search and advertising services have made Alphabet one of the most valuable companies in the world, but management has long been planning for the next stage. The potential growth drivers of that stretch include the Waymo self-driving car business, health services from Verily Life Sciences, and high-speed internet connections by Google Fiber.The proliferation of future business ideas not named Google is the reason behind the name change to Alphabet in 2015. By disconnecting the corporate name from the Google brand, Alphabet set itself up to become a cross-sector conglomerate in the long run.In short, Alphabet keeps a stirringly open mind to new business ideas. Whatever comes next, the company will poke and prod at the new environment until it finds a healthy and profitable niche (or five). With the backing of that ultra-solid balance sheet, I see no reason why Alphabet shouldn't thrive through the next downturn and beyond.Micron isn't quite as adventurous as Alphabet, of course. Once again, the company has invested many billions in a global chip-making infrastructure and you can't just flip a switch to run that business in a totally different direction.But Micron has grown up from a smallish chipmaker in a highly fragmented industry to a leading supplier in a new era. There are only a couple of memory-chip companies left on the market after several rounds of pricing pressure, bankruptcies, buyouts, and consolidation. Micron has always emerged from these challenging cycles as a winner, picking up the ashes of its failed rivals in pennies-on-the-dollar bankruptcy auctions.The mature version of the memory industry that you see today has also been good for Micron. The sector as a whole has started to slow down the boom-and-bust cycles of low chip supplies, massive factory investments, and oversupply. Micron's strategy these days is to increase its manufacturing capacity in line with rising demand for memory chips, and no more.So Micron may not be leading the charge into unknown territory the way Alphabet does, but the company has a proven ability to adopt the right strategy for a variety of market conditions. That should keep Micron going strong for the long run, come chip shortages or low waters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919516964,"gmtCreate":1663818206458,"gmtModify":1676537343272,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Asx200","listText":"Asx200","text":"Asx200","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919516964","repostId":"2269190589","repostType":2,"repost":{"id":"2269190589","kind":"highlight","pubTimestamp":1663817684,"share":"https://ttm.financial/m/news/2269190589?lang=&edition=fundamental","pubTime":"2022-09-22 11:34","language":"en","title":"Which ASX Lithium Shares Are Performing Best in 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=2269190589","media":"MotleyFool","summary":"ASX lithium shares have become market darlings over the past couple of years. They’ve arguably repla","content":"<html><head></head><body><p>ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything upside down.</p><p>The price of lithium has risen astronomically as the world continues to grow a whole new industry in electric vehicle (EV) manufacturing.</p><p>In fact, the value of lithium carbonate hit a record high this month at US$71,370.50 per tonne.</p><p>According to Trading Economics, that’s an 80% increase year to date “as surging demand coincides with lower supply”.</p><p>No wonder ASX lithium shares are garnering a lot of attention.</p><h2>Which ASX lithium shares are performing best right now?</h2><p>Let’s do a snapshot of how some of the largest ASX lithium shares (by market capitalisation) are performing year to date in 2022.</p><ul><li>The <b><a href=\"https://laohu8.com/S/PLS.AU\">Pilbara Minerals Ltd</a></b> (ASX: PLS) share price is 40.3% higher (market cap $14.59 billion)</li><li>The <b>Allkem Ltd</b> (ASX: AKE) share price is 39.9% higher ($10.17 billion)</li><li>The <b>Core Lithium Ltd</b> (ASX: CXO) share price is 123% higher ($2.5 billion)</li><li>The <b><a href=\"https://laohu8.com/S/SYA.AU\">Sayona Mining Ltd</a></b> (ASX: SYA) share price is 78.6% higher ($2.2 billion)</li><li>The <b><a href=\"https://laohu8.com/S/LKE.AU\">Lake Resources NL</a></b> (ASX: LKE) share price is down 2.75% ($1.45 billion).</li></ul><p>Here’s a snapshot of how some of the junior ASX lithium shares are doing this year. Always remember, buying nano, micro and small-cap shares can be risky business, so tread carefully and do your research.</p><ul><li>The <b>Global Lithium Resources Ltd</b> (ASX: GL1) share price is 121% higher (market cap $535 million)</li><li>The <b><a href=\"https://laohu8.com/S/ASN.AU\">Anson Resources</a> Ltd</b> (ASX: ASN) share price is 160.7% higher ($396.74 million)</li><li>The <b>Arizona Lithium Ltd</b> (ASX: AZL) share price is down 29.2% ($209.66 million)</li><li>The <b>Iris Metals Ltd</b> (ASX: IR1) share price is 186.2% higher ($198.94 million)</li><li>The <b><a href=\"https://laohu8.com/S/RAS.AU\">Ragusa Minerals</a> Ltd</b> (ASX: RAS) share price is 300% higher ($35.34M).</li></ul><h2>Business performance vs. share price performance</h2><p>As seasoned investors know, the performance of a business doesn’t necessarily correspond with the performance of its share price and vice versa. Annoying, right?</p><p>This is especially the case with young, growing companies that the market is excited about. Investors can sometimes bid the share price up on expectations of future profits, not current profits.</p><p>Share price growth doesn’t necessarily indicate great revenue and profit, or superior management. So when assessing ASX lithium shares for investment, you can’t just look at what the share prices have done lately. You need to get under the hood and check the inner workings of each company are sound.</p><p>With reporting season just behind us, let’s compare a few metrics on the two largest ASX lithium shares.</p><p>Pilbara Minerals FY22 results</p><ul><li>Revenue up 577% year-over-year (yoy) to $1.2 billion</li><li>EBITDA of $814.5 million, up from $21.4 million in FY21</li><li>Statutory net profit after tax (NPAT) of $561.8 million, up from a loss of $51.4 million loss in FY21</li><li>Share price went up 53.4% over FY22</li><li>Price-to-earnings (P/E) ratio of 17.86 compared to 9.51 for the sector today.</li></ul><p>Allkem FY22 results</p><ul><li>Revenue up 800% yoy to US$770 million</li><li>EBITDAIX of US$513.1 million</li><li>Consolidated NPAT of US$337 million, up from a loss of US$89.5 million in FY21</li><li>Share price went up 54.8% over FY22</li><li>P/E ratio today of 17.53 compared to 9.51 for the sector today.</li></ul><h2>Why is the value of lithium rising?</h2><p>The reasons behind this month’s record lithium price are clear.</p><p>According to Trading Economics analysis:</p><blockquote>Added stimulus and cash incentives by local Chinese governments spurred growth in demand of electric vehicles in the world’s second largest economy, notching a 100% year-on-year increase in August.</blockquote><blockquote>In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases.</blockquote><blockquote>On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to suspend operations, adding to the upside of soaring lithium costs in the near-term.</blockquote><blockquote>Scarcity led auto manufacturers with large bets on battery electric vehicles to compete for long-term supply contracts, including Ford and Stellantis. Also, electric vehicle giant Tesla mulled building its own lithium refinery in Texas.</blockquote></body></html>","source":"motleyfoolau_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Which ASX Lithium Shares Are Performing Best in 2022?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhich ASX Lithium Shares Are Performing Best in 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything ...</p>\n\n<a href=\"https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LKE.AU":"LAKE RESOURCES NL","BK7039":"金融交易所和数据","AKE.AU":"Allkem Limited","SYA.AU":"SAYONA MINING LTD","CXO.AU":"CORE LITHIUM LTD","PLS.AU":"PILBARA MINERALS LTD","BK4526":"热门中概股","BK4141":"半导体产品"},"source_url":"https://www.fool.com.au/2022/09/22/which-asx-lithium-shares-are-performing-best-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269190589","content_text":"ASX lithium shares have become market darlings over the past couple of years. They’ve arguably replaced technology shares, which were the ‘in thing’ before the COVID-19 pandemic turned everything upside down.The price of lithium has risen astronomically as the world continues to grow a whole new industry in electric vehicle (EV) manufacturing.In fact, the value of lithium carbonate hit a record high this month at US$71,370.50 per tonne.According to Trading Economics, that’s an 80% increase year to date “as surging demand coincides with lower supply”.No wonder ASX lithium shares are garnering a lot of attention.Which ASX lithium shares are performing best right now?Let’s do a snapshot of how some of the largest ASX lithium shares (by market capitalisation) are performing year to date in 2022.The Pilbara Minerals Ltd (ASX: PLS) share price is 40.3% higher (market cap $14.59 billion)The Allkem Ltd (ASX: AKE) share price is 39.9% higher ($10.17 billion)The Core Lithium Ltd (ASX: CXO) share price is 123% higher ($2.5 billion)The Sayona Mining Ltd (ASX: SYA) share price is 78.6% higher ($2.2 billion)The Lake Resources NL (ASX: LKE) share price is down 2.75% ($1.45 billion).Here’s a snapshot of how some of the junior ASX lithium shares are doing this year. Always remember, buying nano, micro and small-cap shares can be risky business, so tread carefully and do your research.The Global Lithium Resources Ltd (ASX: GL1) share price is 121% higher (market cap $535 million)The Anson Resources Ltd (ASX: ASN) share price is 160.7% higher ($396.74 million)The Arizona Lithium Ltd (ASX: AZL) share price is down 29.2% ($209.66 million)The Iris Metals Ltd (ASX: IR1) share price is 186.2% higher ($198.94 million)The Ragusa Minerals Ltd (ASX: RAS) share price is 300% higher ($35.34M).Business performance vs. share price performanceAs seasoned investors know, the performance of a business doesn’t necessarily correspond with the performance of its share price and vice versa. Annoying, right?This is especially the case with young, growing companies that the market is excited about. Investors can sometimes bid the share price up on expectations of future profits, not current profits.Share price growth doesn’t necessarily indicate great revenue and profit, or superior management. So when assessing ASX lithium shares for investment, you can’t just look at what the share prices have done lately. You need to get under the hood and check the inner workings of each company are sound.With reporting season just behind us, let’s compare a few metrics on the two largest ASX lithium shares.Pilbara Minerals FY22 resultsRevenue up 577% year-over-year (yoy) to $1.2 billionEBITDA of $814.5 million, up from $21.4 million in FY21Statutory net profit after tax (NPAT) of $561.8 million, up from a loss of $51.4 million loss in FY21Share price went up 53.4% over FY22Price-to-earnings (P/E) ratio of 17.86 compared to 9.51 for the sector today.Allkem FY22 resultsRevenue up 800% yoy to US$770 millionEBITDAIX of US$513.1 millionConsolidated NPAT of US$337 million, up from a loss of US$89.5 million in FY21Share price went up 54.8% over FY22P/E ratio today of 17.53 compared to 9.51 for the sector today.Why is the value of lithium rising?The reasons behind this month’s record lithium price are clear.According to Trading Economics analysis:Added stimulus and cash incentives by local Chinese governments spurred growth in demand of electric vehicles in the world’s second largest economy, notching a 100% year-on-year increase in August.In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases.On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to suspend operations, adding to the upside of soaring lithium costs in the near-term.Scarcity led auto manufacturers with large bets on battery electric vehicles to compete for long-term supply contracts, including Ford and Stellantis. Also, electric vehicle giant Tesla mulled building its own lithium refinery in Texas.","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029438207,"gmtCreate":1652823649909,"gmtModify":1676535166018,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9029438207","repostId":"1190255854","repostType":2,"repost":{"id":"1190255854","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652797134,"share":"https://ttm.financial/m/news/1190255854?lang=&edition=fundamental","pubTime":"2022-05-17 22:18","market":"us","language":"en","title":"Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1190255854","media":"Tiger Newspress","summary":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 b","content":"<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-17 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190255854","content_text":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921806049,"gmtCreate":1671017148982,"gmtModify":1676538476157,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03611\">$HUAFANG GROUP(03611)$&nbsp;</a> Please pay it to my account","listText":"<a href=\"https://ttm.financial/S/03611\">$HUAFANG GROUP(03611)$&nbsp;</a> Please pay it to my account","text":"$HUAFANG GROUP(03611)$ Please pay it to my account","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921806049","isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982543419,"gmtCreate":1667219460531,"gmtModify":1676537879430,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982543419","isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912198901,"gmtCreate":1664765749203,"gmtModify":1676537504864,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"0411131582 direct pay","listText":"0411131582 direct pay","text":"0411131582 direct pay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912198901","repostId":"2272016980","repostType":2,"repost":{"id":"2272016980","kind":"highlight","pubTimestamp":1664763921,"share":"https://ttm.financial/m/news/2272016980?lang=&edition=fundamental","pubTime":"2022-10-03 10:25","market":"us","language":"en","title":"Meta: It's Only A Meta Of Time","url":"https://stock-news.laohu8.com/highlight/detail?id=2272016980","media":"seekingalpha","summary":"SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Fa","content":"<html><head></head><body><p>Summary</p><ul><li>It&#39;s only a matter of time before Reality Labs takes off.</li><li>It&#39;s only a matter of time before Family of Apps return to growth mode.</li><li>It&#39;s only a matter of time before macro conditions improve.</li><li>By then, Meta&#39;s stock price would&#39;ve been significantly higher.</li><li>It pays to be a contrarian today.</li></ul><blockquote>This is the OASIS. It’s a place where the limits of reality are your own imagination. You can do anything, go anywhere.</blockquote><blockquote>(Wade Watts — <i>Ready Player One,</i> 2018)</blockquote><p>From the movie <i>Ready Player One</i>, the OASIS (Ontologically Anthropocentric Sensory Immersive Simulation) is a massive multiplayer online simulation game that takes place in a virtual reality world, or as we call it, the metaverse.</p><p>I was skeptical of the metaverse — I&#39;m not a gamer nor a tech enthusiast. But when I watched this movie, it gave me a perspective of what the future of gaming may look like.</p><p>Then one day, I tried Meta&#39;s VR headset — it completely changed my perception of virtual reality.</p><p>In this article, I dive deep into Meta&#39;s (NASDAQ:META) business, financials, opportunities, challenges, and more. Enjoy!</p><p>Investment Thesis</p><p>Today, investors get to buy Meta&#39;s advertising business on the cheap. In addition, they get to piggyback Meta&#39;s emerging virtual reality unit, which could be a massive opportunity for the company if executed well.</p><p>Shares of Meta are down big. Macro headwinds, rising competition, iOS changes, weakening profitability, and metaverse uncertainty are to blame here.</p><p>But these headwinds are temporary — it&#39;s only a matter of time before things change for the better.</p><p>And when they do, investors would&#39;ve missed most of the gains.</p><p>As such, it pays to be a contrarian today.</p><p>Value Proposition</p><p>In 2003, Harvard sophomore Mark Zuckerberg launched a website called Facemash. He wrote a piece of software that hacked into the university&#39;s servers, downloading and uploading photos of students — without consent — into his newly-built website. In turn, Facemash visitors could see two student photos side-by-side with the prompt &#34;Who&#39;s Hotter? Click to Choose.&#34;</p><p>Word of the new website spread like wildfire as people began rating who&#39;s hot and who&#39;s not. This caught the attention of the Harvard administration who, a few days later, shut down Facemash. Zuckerberg, on the other hand, faced charges for hacking campus security and violating individual privacy. He also faced expulsion.</p><p>Fortunately, all charges against him were dropped.</p><p>Not long later, Zuckerberg launched <b>Facebook</b> on February 2004.</p><p>Facebook was allegedly an idea stolen from three Harvard seniors who wanted to launch a social networking website called HarvardConnection. A lawsuit was filed against Zuckerberg. But again, he dodged another bullet and eventually walked off scot-free.</p><p>To grow the website, Zuckerberg turned to fellow students Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, and Chris Hughes. The 5 co-founders expanded the site to additional universities, to employees, to other countries, and eventually made the social networking website available to anyone 13 years or older with a valid email address.</p><p>By end of 2004, Facebook had 1 million active users. By 2010, the number blew up to 500 million, becoming the world&#39;s largest social networking service.</p><p>In essence, Facebook enables people to share life&#39;s moments, connect with others, and build communities. It was intended for social networking purposes but has now grown into a platform for news, shopping, dating, and more.</p><p>In 2011, the company launched <b>Messenger</b>, a simple, instant messaging app and platform for consumers and businesses. Today, users can also make audio and video calls.</p><p>The following year, the company acquired photo-sharing startup <b>Instagram</b> for $1 billion — a hefty amount for a company with only 13 employees. However, Instagram, arguably, turned out to be the company&#39;s most successful acquisition to date.</p><p>With Instagram, users can share photos and videos through different formats: regular posts through Feed; temporary content through Stories; short-form videos through Reels; and livestream through Live. Users can also chat and shop through the app.</p><p>Not long after the Instagram acquisition, Facebook went public in May 2012.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> years later, Facebook made another acquisition — a blockbuster one to say the least. In 2014, <b>WhatsApp</b> joined the Facebook family... at a price tag of $19 billion.</p><p>WhatsApp is a simple and secure messaging app that allows people to communicate through the internet, rather than through a traditional cellphone messaging platform and network.</p><p><img src=\"https://static.tigerbbs.com/e2cc2e5d05359d18293dc99bafe8dce7\" tg-width=\"640\" tg-height=\"333\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Apple Store</p><p>Facebook, Instagram, Messenger, and WhatsApp make up Meta&#39;s <b>Family of Apps,</b> or FoA. These are the social media/communication platforms that billions of everyday consumers have come to love and appreciate.</p><p>These apps are also mediums for businesses, both small and large, to grow their communities. In simple terms, FoA provides companies with the:</p><ul><li>platform to showcase content outside of their native websites.</li><li>communication tools to engage with consumers.</li><li>ad space to reach relevant customers.</li><li>opportunity to grow online sales.</li></ul><p>Meta is also moving beyond 2D screens toward immersive experiences provided by augmented reality [AR] and virtual reality [VR].</p><p>A month after its WhatsApp acquisition, Facebook acquired Oculus — a leader in VR technology and headsets — for $2 billion. Zuckerberg believes that VR technology will be important in next-generation social and communications platforms.</p><p>At that time (2014), the acquisition left many scratching their heads, wondering why would a software-enabled social media ad giant acquire a hardware company that seemed to be completely unrelated to FoA.</p><p><img src=\"https://static.tigerbbs.com/b556ee3cc74cb9b3ad8351f667791f74\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta</p><p>Fast forward to 2022, Wall St and Main St are starting to see what Zuckerberg sees. In recent years, it&#39;s normal to hear people conversing about AR, VR, and the metaverse. According to Investopedia:</p><blockquote>The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually.</blockquote><p>Not surprisingly, Meta is one of the only few companies making bold investments into the space, offering consumers cutting-edge VR hardware, software, and content through their <b>Reality Labs</b>[RL] division.</p><p>Without going too much into detail, RL consists of three device groups:</p><ul><li><b>Virtual Reality</b>: people can enjoy 3D games like Beat Saber, powered by Meta Quest headsets, which start from $399 a piece. Meta is also working on Horizon Worlds, a shared virtual 3D space for all, and Horizon Workrooms, a shared virtual office for workers to collaborate and interact with one another.</li></ul><p><img src=\"https://static.tigerbbs.com/3389695d0db338d49bb40daab875d12d\" tg-width=\"890\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Horizon Workrooms</p><ul><li><b>Smart Glasses</b>: Meta has partnered with Ray-Ban to develop smart glasses with features such as built-in cameras, open-ear audio, and social sharing capabilities, to name a few. Though VR features are still limited, these smart glasses are a less intimidating option than the bulky VR headsets offered by Meta.</li><li><b>Meta Portal</b>: These are a family of video calling devices with built-in virtual assistant technology, smart cameras, and compatibility with apps like <a href=\"https://laohu8.com/S/ZM\">Zoom</a> (ZM), Messenger, and WhatsApp. These devices are probably the ones that left me with the most question marks as it seems to be a redundant component of Meta&#39;s entire product line. Plus, consumers are better off buying an iPad, which offers more functionality.</li></ul><p><img src=\"https://static.tigerbbs.com/42a0d513570a8274259940e99744b1ff\" tg-width=\"640\" tg-height=\"416\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Meta Portal</p><p>The concepts of AR, VR, and the metaverse are still new. But they&#39;re gaining more acceptance and adoption by the day, as envisioned by Zuckerberg. At the same time, they&#39;re still speculations — we don&#39;t know whether the metaverse is a thing of the future or just a fad.</p><p>But one thing&#39;s for sure: Zuckerberg is going all in on this venture, as stated by the company&#39;s updated mission statement:</p><blockquote>Our mission is to give people the power to build community and bring the world closer together.</blockquote><blockquote>All of our products, including our apps, share the vision of helping to bring the metaverse to life.</blockquote><blockquote>(META FY2021 10-K)</blockquote><p>The company went as far as changing its company name and ticker symbol.</p><p>Ultimately, Meta&#39;s RL venture could redefine the way people work, play, and interact with one another, through virtual worlds. Combined with Meta&#39;s FoA, we could see a whole new social networking experience come to fruition in the coming years.</p><p>Market Opportunity</p><p>Meta operates in two separate industries: advertising and the metaverse. I&#39;ll address the market opportunity for each, starting with the ad market.</p><p><i><b>Advertising</b></i></p><p>I believe there are a few levers that drive the social media ad industry:</p><ol><li>Average time spent on social media platforms.</li><li>The number of social media users.</li><li>E-commerce market share.</li></ol><p>As we all know, the early days of the pandemic led to governments all over the world exercising social distancing and stay-at-home policies. In addition, corporations globally passed work-from-home policies, leaving billions of people stuck at home. As such, many people turned to the internet to alleviate their boredom. This includes scrolling through social media such as Facebook, Instagram, and TikTok. As shown by Oberlo, the Average Time Spent on Social Media was 145+ minutes in 2020 and beyond.</p><p><img src=\"https://static.tigerbbs.com/a2044b7ed55dc2e1d34e6c2adbb54941\" tg-width=\"1280\" tg-height=\"655\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Oberlo</p><p>While the figure seemed to have plateaued, we can see that Global Social Media Users continued to grow, and are expected to reach 4.59 billion by the end of 2022. So, on a gross basis, Time Spent on Social Media platforms actually increased.</p><p><img src=\"https://static.tigerbbs.com/9b69e14c589fd8a10dd110aabd22d802\" tg-width=\"1280\" tg-height=\"655\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Oberlo</p><p>As more users spend more time online, they naturally spend more money online. According to Insider Intelligence, Retail Ecommerce Sales Worldwide grew by 26% in 2020, an acceleration of 21% in 2019, to $4.2 trillion. That number is expected to continue its growth trajectory, reaching $8.1 trillion by 2026. Robust growth in the Ecommerce sector is a prime reason why companies globally are allocating more budget for digital ad marketing, including ads on social media platforms. The Statista graph below shows Social Media Advertising Spending Worldwide over the years, and we can see that it has been growing rapidly.</p><p><img src=\"https://static.tigerbbs.com/c7cd5711a6a30a8a9e5bec05192210bf\" tg-width=\"640\" tg-height=\"899\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Statista</p><p>As long as these three major trends persist, they should be a tailwind for social media ad platforms like TikTok and Instagram. And since Meta is predominantly an ad business, these trends should benefit Meta in the long run.</p><p>That&#39;s the boring, old ad industry.</p><p>Now let&#39;s turn to the more exciting industry: the metaverse.</p><p><i><b>Metaverse</b></i></p><p>There are several key players that would eventually contribute to the growth of the metaverse:</p><ul><li><b>Hardware</b>: In order for people to immerse themselves into the metaverse, they need VR hardware, and presently, the VR headset offered by Meta Quest is the most readily available. Chip manufacturers also play a role in this category as it requires exceptional processing power to achieve optimal experience — companies like Nvidia (NVDA) and AMD (AMD) come to mind. Data center REITs — such as Digital Realty Trust (DLR) and Equinix (EQIX) — also play a crucial role as data centers are required to support the growth of the metaverse. Even 3D space capture and virtual touring companies like Matterport (MTTR) could be a part of the metaverse as physical real estate turns increasingly virtual.</li><li><b>Software</b>: There needs to be a software stack for developers to build and support 3D worlds, games, spaces, items, etc. One particular company is Unity Software (U).</li><li><b>Virtual Real Estate</b>: Unlike the real world, the metaverse could be limitless. But just like all real estate, location, location, location matters — the company that can provide the most desirable shared virtual space should prevail. Meta is already working on this with the launch of Horizon Worlds. Another prominent player in the space is Roblox (RBLX) which already has companies like Walmart (WMT) and Gucci buying its digital real estate. The more users and businesses populate a particular virtual space, the more valuable that real estate gets, thus allowing the virtual landlord to charge higher &#34;rent&#34;.</li></ul><p><img src=\"https://static.tigerbbs.com/7b10b31a2095f3e84bceadad1e658048\" tg-width=\"920\" tg-height=\"600\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Walmart</p><ul><li><b>Digital Currency</b>: Although the current crypto winter might be scaring some consumers away, we all know that crypto is gaining more acceptance and adoption by the day — crypto could be the currency of choice for transactions in the metaverse. Crypto exchanges like Binance and Coinbase (COIN) could provide the infrastructure to process these transactions.</li><li><b>Digital Items</b>: Buying and selling items in the virtual world is already common, especially in blockbuster games such as Fortnite and Warcraft. In the metaverse, participants can buy and sell NFTs — NFT marketplaces like Opensea could provide the infrastructure for people to exchange these digital items.</li></ul><p>So these are several investment vehicles investors can partake in the speculative growth of the metaverse. Meta seems to be focusing on the software and virtual real estate components of the metaverse, though they may expand to other areas to offer consumers a full ecosystem experience.</p><p>Nevertheless, the metaverse is still a nascent category so it&#39;s incredibly difficult to predict the trajectory, let alone quantify the potential size, of the industry. But here are a few estimates by several industry analysts:</p><ul><li>$825 billion by 2030 (Verified Market Research)</li><li>$679 billion by 2030 (Grand View Research)</li><li>$1,607 billion by 2030 (Precedence Research)</li></ul><p>Suffice to say, market research firms expect the metaverse to make up a larger part of our lives over time.</p><p>If Meta executes well on its RL venture, we could see a metaverse giant in the making. Subsequently, Meta could start running ads in the metaverse, which becomes yet another growth catalyst for its ad segment.</p><p>Business Model</p><p>Meta operates two segments: FoA and RL.</p><p><i><b>Family of Apps</b></i></p><ul><li><b>Advertising Revenue</b>: Meta generates revenue by selling ad placements. Marketers pay for ad products based on the number of impressions or actions (such as clicks, conversion, etc.). Revenue is recognized once the impressions are delivered or when a user takes the action specified in the contract.</li><li><b>Other Revenue</b>: This consists of net fees received from developers and Revenue from other sources.</li></ul><p><i><b>Reality Labs</b></i></p><p>Meta generates RL Revenue from the sale of hardware products such as Meta Quest and Meta Portal, as well as other related software and content.</p><p>For both segments, Revenue is typically the strongest in Q4 due to strong demand during the holiday season.</p><p>As shown below, Meta&#39;s Advertising component still makes up the bulk of the entire business, at 98% of Total Revenue.</p><p><img src=\"https://static.tigerbbs.com/ea94d8d4304e379f3fc8ac62540d65e1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Growth</p><p>For the first time in its history, Meta reported a YoY decline in Revenue in Q2, which dropped by 1% to $28.8 billion. In the chart below, we can see how Revenue growth rates accelerated during the early days of the pandemic, peaking at 56% in 21Q2. Since then, Revenue decelerated substantially due to a number of headwinds which we&#39;ll discuss further below. That said, the sharp drop in growth has led many to conclude that Meta&#39;s growth story is finally over.</p><p><img src=\"https://static.tigerbbs.com/6b5f3c08a36d584ff22af080860a102a\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>During the Q2 earnings call, management highlighted a few headwinds to Revenue:</p><ul><li><b>Currency Exchange Pressure</b>: Strong US dollar is putting pressure on Meta&#39;s business outside of the US. On a constant currency basis, Revenue would have grown by 3% YoY.</li><li><b>Apple iOS Changes</b>: Management estimated a $10 billion impact for the year due to Apple&#39;s new privacy policy, which limits in-app data tracking.</li><li><b>Reels Growth</b>: Reels is still in its early stages and therefore, has not been monetized at the same rate as Feed or Stories. As users turn their attention to short-form video content, higher-monetizing surfaces naturally take a hit. But management&#39;s priority is to drive engagement and user growth — that means sacrificing near-term topline growth.</li><li><b>Macro Uncertainty</b>: Amidst a challenging macro environment, marketers are lowering ad spending.</li></ul><p>The table below shows Revenue by geography. We can see that North America and Europe — Meta&#39;s most mature markets — saw YoY declines in Q2. The drop in Europe is also due to the Russia-Ukraine war. On the other hand, Asia Pacific and Rest of World are still experiencing growth of 14% and 12%, respectively, primarily due to strong growth in click-to-messaging ads.<img src=\"https://static.tigerbbs.com/5dac71298166531d1e3681b8b0af6ab9\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>The total number of ad impressions in Q2 increased 15% YoY. The increase in ad impressions was due to a higher number of ads displayed across a larger user base. As shown below, Family Daily Active People [DAP] and Family Monthly Active People [MAP] both grew by 4% in Q2, to 2.88 billion and 3.65 billion, respectively.</p><p>On the other side, the average price per ad dropped by 14% YoY as a result of softening advertiser demand, a mix shift towards lower monetizing services, and currency pressures. As such Family Average Revenue Per Person [ARPP] dropped 5% YoY, to $7.91.</p><p><img src=\"https://static.tigerbbs.com/32b95206e93b6b93e062b46918a52c89\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Facebook Monthly Active Users [MAU] grew by 1% YoY. This is in spite of the loss of users in Russia and Ukraine, as seen by a 3% drop in Europe. Nonetheless, we could potentially see the first YoY drop in Facebook MAU in Q3 or Q4 this year.</p><p><img src=\"https://static.tigerbbs.com/dff7f3f49fe97915ac42a5eb946f6b17\" tg-width=\"640\" tg-height=\"279\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>For Facebook Average Revenue Per User [ARPU], observe how large of a variance there is on a geographic basis. For example, North America has an ARPU of $50.25 while Asia has an ARPU of $4.54. I brought this up because there lies an opportunity for Meta to increase monetization rates in regions outside of North America. That could be a significant Revenue driver for Meta.</p><p>That aside, Worldwide ARPU decreased 3% YoY to $9.82 as global advertising demand weakens.</p><p><img src=\"https://static.tigerbbs.com/4a0c68c620a9c2cd55b5d8c5b320f78f\" tg-width=\"640\" tg-height=\"301\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>We&#39;ve covered the advertising side of Meta&#39;s business. As for RL, Revenue in the segment accelerated in Q2, growing by 48% YoY to $452 million. All eyes are on the holiday quarters to see if demand remains robust. The recent price increases in Meta Quest 2 (that took effect on August 1st) could also be a Revenue booster for the segment.</p><p><img src=\"https://static.tigerbbs.com/0e110026f09b18cf26c5a7f7e32ec5ea\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>To summarize, Meta&#39;s advertising unit is facing headwinds as the company navigates through a tough macro environment. Growth is decelerating as advertising demand softens, which got many investors scared about the near-term outlook of the company. On the bright side, it is encouraging to see momentum in the RL segment, though it&#39;s still a very small part of Meta&#39;s overall business.</p><p>Profitability</p><p>Q2 Gross Profit was $23.6 billion, unchanged from last year. Meta boasts a high Gross Margin of 82% in the latest quarter. Gross Margin has been relatively stable at 80%+, showing high, consistent earnings potential.</p><p><img src=\"https://static.tigerbbs.com/96da9c05f677179ea8cf562277f66b06\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Operating Profit, on the other hand, is seeing some pressure, with Operating Margin trending downwards over the last few quarters. Overhiring is one reason to blame here, which is why the company has recently announced layoffs in an attempt to reduce costs.</p><p><img src=\"https://static.tigerbbs.com/e809fcad9a6c5a09f5466ed6e0a3f9e7\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Continued investments in product innovation, particularly in the RL segment, are also pressuring margins. The table below breaks down Operating Profit by segment — note that Meta began reporting RL separately starting from 20Q4.</p><p>As you can see, FoA Operating Margin, though in a downtrend, is still high at 39%. On the flip side, the RL segment is still chronically unprofitable, with high, negative triple-digit Operating Margins. But fear not, the income-producing FoA business more than covers the cash burn from its RL venture.</p><p><img src=\"https://static.tigerbbs.com/82a092bbb0016bf32cde6d26d0b3989e\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Management clearly stated that they&#39;re investing heavily in the metaverse, which explained why R&amp;D remains the highest component of Operating Expenses, as shown below. The metaverse is Meta&#39;s next big bet, as management believes that it would eventually &#34;unlock hundreds of billions of dollars, if not trillions, over time.&#34;</p><blockquote>This is obviously a very expensive undertaking over the next several years. But as the metaverse becomes more important in every part of how we live from our social platforms and entertainment to work and education and commerce, I&#39;m confident that we&#39;re going to be glad that we played an important role in building this.</blockquote><blockquote>(CEO Mark Zuckerberg — Q2 Earnings Call)</blockquote><p>It&#39;s only a matter of time before Reality Labs takes off.</p><p><img src=\"https://static.tigerbbs.com/1c3fa146b0605e9319c00e01b362a3d4\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Despite ongoing RL investments and macro headwinds, Meta is still a highly profitable business with Net Income Margins of 20%+.</p><p><img src=\"https://static.tigerbbs.com/30418a114c836cd529e03a5fc3639b01\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>More importantly, Meta has grown Earnings Per Share from a mere $0.01 per share in 2012 to $13.77 per share in 2021.</p><p><img src=\"https://static.tigerbbs.com/01e0e4914794dbf74927b81094f0c4ab\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>Just like many businesses, Meta is facing a gloomy economic backdrop, causing profitability to deteriorate. Furthermore, investments in the metaverse — which may not turn out as big and bright as Zuckerberg envisioned — are also pressuring the company&#39;s bottom line.</p><p>In essence, Meta is sacrificing short-term profitability for long-term growth.</p><p>But zooming out, Meta did not disappoint — it is a high-quality business with strong fundamentals and improving earnings per share, characteristics that have historically produced market-beating shareholder value.</p><p>Financial Health</p><p>Meta has a fortress balance sheet with $40.5 billion of Cash and Short-term Investments. Total Debt stands at about $16.7 billion, which brings its Net Cash position to $23.8 billion. Its balance sheet is also quite liquid, with a Current Ratio of about 3x.</p><p><img src=\"https://static.tigerbbs.com/df5308841bd3d4378989279cc8e4f533\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>Meta is also Free Cash Flow [FCF] positive. FCF for the last 12 months was $35.8 billion at an FCF margin of 30%.</p><p>The combination of high FCF, high Net Cash position, and plummeting valuation are why the company has been buying back shares aggressively. In 2021 alone, Meta bought back $50.1 billion worth of its own shares. As of Q2, Meta had $24.3 billion available and authorized for repurchases. With shares falling, I expect big buybacks in the coming quarters.</p><p><img src=\"https://static.tigerbbs.com/8fdc7f2197801f075985c203a52be086\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>META Investor Relations and Author&#39;s Analysis</p><p>All in all, Meta has a strong balance sheet. In times like these, profitability and financial health are crucial as the company sail through rough waters. It also means an opportunity for Meta to reinvest into growth and buyback shares while smaller, unprofitable competitors struggle to make ends meet.</p><p>Outlook</p><p>Management provided the following guidance:</p><ul><li><b>Q3 Revenue</b>: $26 to $28.5 billion. The company anticipates continued weakness in the advertising market as well as a 6% headwind from currency exchange rates.</li><li><b>Q3 RL Revenue</b>: lower than Q2 RL Revenue.</li><li><b>FY2022 Expenses</b>: $85 to $88 billion, lower than its previous estimate of $87 to $92 billion as the company reduces hiring and growth expenses.</li><li><b>FY2022 Capital Expenditures</b>: $30 to $34 billion.</li></ul><p>My take on the guidance is a mixed bag. For one, Meta expects a 6% YoY decline in Q3 Revenue (midpoint guidance), an acceleration from Q2&#39;s 1% decline. It&#39;s also 10% lower than analyst estimates, according to Consensus Gurus.</p><p>RL Revenue is also expected to drop QoQ — concerning as it also meant a YoY decline in Meta&#39;s &#34;fast-growing&#34; segment.</p><p>On the bright side, Total Expenses are expected to come down so the loss of Revenue has less of an impact on the company&#39;s bottom line.</p><p><img src=\"https://static.tigerbbs.com/4df5d15db00c7f5df015f70b7d1b81f8\" tg-width=\"640\" tg-height=\"177\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Consensus Gurus</p><p>The near-term outlook looks dismal due to macro uncertainty and tough YoY comps.</p><p>But don&#39;t worry, economic pain does not go on forever — it&#39;s only a matter of time before macro conditions improve.</p><p>As such, we should see Meta jumping back into growth mode in 2023 and beyond — analysts estimate 10%+ growth in the next three years.</p><p><img src=\"https://static.tigerbbs.com/6b8d7bc667675c9f256bbca61618d8b7\" tg-width=\"640\" tg-height=\"125\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Competitive Moats</p><p>Based on my research and analysis, I identified 4 competitive moats for Meta: technology, scale, network effects, and switching costs.</p><p><i><b>Technology</b></i></p><p>Meta pioneered social networking through Facebook. Over the past two decades, Facebook faced fierce competition from the likes of Myspace, Friendster, Snapchat (SNAP), Vine, Twitter (TWTR), TikTok, and others, but Facebook still reigned supreme. Many people think that Facebook is dead, but its latest quarter&#39;s results said otherwise: Facebook added 39 million MAU YoY.</p><p>In addition, Meta made very strategic acquisitions including Instagram and Whatsapp which further solidifies the company&#39;s technological prowess.</p><p>Even in the face of changing consumer preferences and digital trends, Meta was able to adapt quickly. Here are some examples:</p><ul><li>Facebook was initially built for desktops but it quickly developed a mobile application as smartphone adoption surged.</li><li>Instagram launched Stories to compete with Snap.</li><li>Instagram launched Reels to compete with TikTok.</li></ul><p>That speaks volumes about Meta&#39;s technology.</p><p>Not just for consumers, but for marketers as well. Meta&#39;s vast ad formats, high engagement, and data algorithm make it the most efficient platform for social media advertising, which is why companies all over the world turn to Meta, first and foremost, to promote their products and services.</p><p><img src=\"https://static.tigerbbs.com/3e6118cfad2c46e5e6298e40e79d7cd7\" tg-width=\"470\" tg-height=\"477\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Insider Intelligence</p><p>Meta also leads the charge in VR hardware through its acquisition of Oculus in 2014. Billions of dollars have been invested into its metaverse venture, which puts Meta and Oculus far ahead of emerging players.</p><p><i><b>Scale</b></i></p><p>As standalone apps, only TikTok had more downloads than any of Meta&#39;s apps, according to SensorTower. However, when combined together, Meta&#39;s FoA had the most downloads globally. And these are just downloads in a given period (Q2 of 2022 to be precise).</p><p><img src=\"https://static.tigerbbs.com/57f4c78ac7c949c357a4bdb81f01be87\" tg-width=\"1280\" tg-height=\"1038\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SensorTower</p><p>If we take a look at the total number of users, we can see that Facebook is still sitting at the number one spot, followed by WhatsApp and Instagram in third and fourth place, respectively. Without a doubt, Meta&#39;s FoA ecosystem is the largest in the social media realm.</p><p><img src=\"https://static.tigerbbs.com/e6e124a6099269d21811343fbb86ff4d\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessofApps</p><p>Turning to the VR space, Counterpoint claimed that Oculus had a 66% market share in 22Q2. Another source found that Oculus had a 90% market share in the VR headset market.</p><p><img src=\"https://static.tigerbbs.com/8d27d07ed800cf63a3024baaec7c783a\" tg-width=\"640\" tg-height=\"332\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Counterpoint</p><p>Being the top dog — both in the mature social media industry and the emerging VR industry — puts Meta in a favorable competitive position. Looking at the figures above, Meta seems to be running virtual monopolies in two separate industries. This type of scale presents Meta with two advantages:</p><ul><li><b>Economies of Scale</b>: For example, Meta&#39;s strong brand and wide adoption meant that the company could spend less on sales and marketing to acquire new customers or retain existing customers.</li><li><b>High Barriers to Entry</b>: For instance, Meta&#39;s larger, income-producing FoA segment is able to support the huge losses incurred from its RL segment. Smaller companies in the VR space do not have the luxury of a cash cow funding their ventures.</li></ul><p><i><b>Network Effects</b></i></p><p>As the number of users increases on Meta&#39;s platform, the greater the value of the platform. As we all know, the Meta ecosystem is massive:</p><ul><li>3.65 billion Family Monthly Active People, or ~45% of the world&#39;s population.</li><li>2.93 billion Facebook Monthly Active Users, or ~37% of the world&#39;s population.</li><li>200 million+ businesses use Meta&#39;s apps.</li></ul><p>As more users and businesses join the platform, more ads are produced. Subsequently, more data insights can be collected, which further strengthens Meta&#39;s algorithm and AI. In turn, marketers can launch more effective ad campaigns while users get more relevant content on their feeds.</p><p>The flywheel effect rolls on.</p><p>In addition, Meta could cross-sell products across its FoA and RL users — e.g. allowing businesses who use FoA to run ads on Horizon Worlds.</p><p>The number of users in the RL segment is not disclosed yet. But per Insider Intelligence, the number of AR and VR users in the US alone are rising by the day. As the metaverse welcomes more users, virtual real estate, digital items, and so on, the greater the network effects that Meta will eventually enjoy.</p><p><img src=\"https://static.tigerbbs.com/1f97553b2ffeb6c2771f959f5b5251e2\" tg-width=\"922\" tg-height=\"875\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Insider Intelligence</p><p><i><b>Switching Costs</b></i></p><p>Imagine having hundreds, if not thousands, of contacts saved in your WhatsApp. Would you go to the trouble of switching to another app, which your friends or family may or may not be using?</p><p>Imagine having hundreds, if not millions, of followers on Facebook or Instagram. Would you abandon these apps and start building your following from scratch again on a new app?</p><p>Imagine already being comfortable and familiar with Meta&#39;s FoA after spending years in those apps. Would you consider leaving those apps and learning the ins and outs of a whole new app?</p><p>Most of you would answer &#34;no&#34; to all three scenarios.</p><p>That&#39;s Meta&#39;s high switching costs moat in action — and that&#39;s why Meta&#39;s FoA is so sticky.</p><p>Another reason why people stay on these platforms is that they offer specific use cases, namely social networking (Facebook), chatting (Whatsapp and Messenger), and content sharing (Instagram).</p><p>Other apps do not offer such complete use cases. For example:</p><ul><li>TikTok is focused on short-form video entertainment.</li><li>LinkedIn is focused on professional networking.</li><li>Pinterest (PINS) is focused on high-intent idea discovery.</li></ul><p>Valuation</p><p>If you were to look at Meta&#39;s recent stock price action, you might mistake it for a high-flying, unprofitable, small-cap stock — as of this writing, Meta is down 65% from its all-time highs, unheard of from a wide-moat, FCF-generative, mega-cap company.</p><p>A year ago, Meta surpassed the $1 trillion mark... for a brief moment.</p><p>Today, it is only worth ~$365 billion.</p><p>Slowing growth, rising competition, currency pressures, high inflation/interest rates, and RL speculation are to blame here.</p><p>Following the selloff, Meta&#39;s share price is back to where it was in 2016.</p><p>But here&#39;s what also happened in that 6 long years:</p><ul><li>Revenue grew ~332%.</li><li>Earning per share grew ~246%.</li></ul><p>As the share price collapses, valuation multiples have compressed to levels never seen before. Meta now trades at a P/E Ratio and P/FCF multiple of 10.5x and 11.2x, respectively. These multiples — which typically trade at around 30.0x — suggest that Meta is in deep value territory.</p><p><img src=\"https://static.tigerbbs.com/a7b6f62bc6d5119ef6a0cc396613cbdd\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>To put that into further perspective, other mega caps are trading at much more expensive P/E ratios:</p><ul><li>Apple (AAPL): 22.8x</li><li>Microsoft (MSFT): 24.2x</li><li>Alphabet (GOOG): 17.8x</li><li>Amazon (AMZN): 101.4x</li><li>Tesla (TSLA): 95.9x</li></ul><p>Yes, Meta has been facing a few road bumps lately and will continue to experience headwinds in the near future. However, I believe that conditions will improve in 2023 and the company will eventually recover and return to growth mode.</p><p>Bears may argue that Meta&#39;s Revenue would take a massive hit as companies all over the world pull back ad spending amidst a global recession. But the advertising industry is much more resilient than many think.</p><p>Take Google — who&#39;s also an advertising giant — for example. Revenue barely dipped during the Great Financial Crisis.</p><p><img src=\"https://static.tigerbbs.com/077bc617db924ce893b79ce04565b1ff\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>We could potentially see the same scenario for Meta — slight Revenue drop, followed by a quick recovery.</p><p>Meta&#39;s price chart reflects a broken company with a broken stock. But fundamentally, Meta has a resilient business model with strong competitive advantages. It also has the emerging RL segment, which could be a significant Revenue driver in the years to come.</p><p>In essence, buying Meta shares today means betting on two things:</p><ul><li>A swift recovery in FoA and its ad business.</li><li>RL hypergrowth and profitability.</li></ul><p>The stock continues to fall, so much so that it&#39;s difficult to ignore. Even Meta is scooping up its own shares at a blistering pace.</p><p>At today&#39;s prices, investors get a large margin of safety with significant upside potential.</p><p>Catalysts</p><ul><li><b>TikTok Ban</b>: ByteDance, the $300 billion Chinese tech giant, is the parent company of TikTok. That said, anything Chinese-related these days are under serious regulatory scrutiny. For instance, India banned TikTok in 2020 over privacy and security concerns. A few months ago, FCC member Brendan Carr urged Apple and Google to remove TikTok from their app stores over spying concerns. If TikTok is taken down, we could see a massive migration to Reels.</li><li><b>Reality Labs</b>: Of course, the biggest catalyst for Meta is for its RL segment to take off. After all, the company has poured billions into the unit. In the next few years, we should see major updates in the VR department. For example, Meta is reportedly working on releasing a higher-end VR headset, code-named Project Cambria — the higher price point also means a nice step toward profitability. Meta also plans to launch its AR Glasses with AR Wristbands in 2024. Keep in mind that hardware could be a stable revenue stream as consumers look to replace their VR headsets every 2 to 3 years, much like how people buy new iPhones every year or so. On the software side, Meta could generate substantial Revenue by charging fees on transactions that occur in the Meta Quest Store or Horizon Worlds. Rumor has it that Meta plans to take a 47.5% cut on virtual asset sales in its metaverse. With that said, RL seems to be a software/hardware powerhouse in the making.</li><li><b>Reels</b>: As discussed earlier, Reels has yet to be monetized at the same rate as Feed or Stories, and is cannibalizing sales from higher-monetized products. But with the growing popularity of short-form videos, it won&#39;t be long before Reels overtake the other products offered by Meta. As a matter of fact, Reels has crossed the $1 billion run rate, higher than Stories did at identical times post-launch, according to management. As such, it&#39;s only a matter of time before FoA returns to growth mode.</li></ul><blockquote>Reels engagement is also growing quickly. I shared last quarter that Reels already made up 20% of the time that people spend on Instagram. This quarter we saw a more than 30% increase in the time that people spent engaging with Reels across Facebook and Instagram. AI advances are driving a lot of these improvements, and one example is that after launching a new large AI model for recommendations, we saw a 15% increase in watch time in the Reels video player on Facebook alone. So I think that there are many improvements like this that we&#39;ll continue to make.</blockquote><blockquote>(CEO Mark Zuckerberg — Q2 Earnings Call)</blockquote><p>Risks</p><ul><li><b>Competition</b>: While Meta remains the global leader in social media, we can&#39;t completely ignore the competition. As seen below, TikTok and YouTube have higher Average Daily Minutes Spent In-App During Q2 2022 than Instagram and Facebook. Losing user time and attention to competitors meant less monetization opportunity for Meta. Apple is also expanding its ad business which may cause marketers to reevaluate their ad budget allocation strategies as there are more ad platforms to choose from. In addition, Apple is expected to unveil its AR/VR headset sometime next year, which would likely add pressure to Meta&#39;s RL sales.</li></ul><p><img src=\"https://static.tigerbbs.com/765cb8c21fbf2225a692dfa2884c8265\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SensorTower</p><ul><li><b>Policy Changes</b>: Data privacy changes and other regulatory developments could significantly impact Meta&#39;s operations. For example, Apple&#39;s 2021 iOS update allows iPhone users to opt-out of in-app data tracking, which limits digital advertisers&#39; ability to gain user insights. This led to an estimated $10 billion impact on Meta&#39;s advertising business.</li><li><b>Recession</b>: As you can see in the chart below, global advertising spending fell YoY in each of the last three major recessions (2001, 2008, and 2020). With spiking interest rates and raging inflation, a looming global recession could cut advertising spending across industries.</li></ul><p><img src=\"https://static.tigerbbs.com/2caf30850f1e51f67dad7b7904dc4fec\" tg-width=\"640\" tg-height=\"479\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Statista</p><ul><li><b>Sunk Cost Fallacy</b>: This is a phenomenon whereby a company is more likely to continue with a project because they have invested heavily in it, even when it&#39;s clear that shutting down the project would be more beneficial. Having invested billions into the metaverse, could Meta be a victim of the sunk cost fallacy? It&#39;s too early to tell. After all, the metaverse could go bust.</li></ul><p>Conclusion</p><p>Meta is undoubtedly going through some challenges including macro uncertainty, rising competition, Reels cannibalization, iOS privacy changes, and currency pressures.</p><p>Weakening profitability metrics, slowing growth, and the unpredictability of RL make it all the more concerning for investors.</p><p>That is why shares are down 65% from all-time highs.</p><p>At a P/E ratio of just 10x, investors get to buy a high-quality, wide-moat business at a large margin of safety.</p><p>These headwinds are temporary — it&#39;s only a matter of time before conditions improve.</p><p>When things do get better, shares would have appreciated substantially.</p><p>Buy when there&#39;s blood in the streets. Buy when there are dark, gloomy headlines. Buy when no one else wants to buy.</p><p>It always pays to be a contrarian.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta: It's Only A Meta Of Time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta: It's Only A Meta Of Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Family of Apps return to growth mode.It's only a matter of time before macro conditions improve.By ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://seekingalpha.com/article/4544227-meta-its-only-a-meta-of-time","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2272016980","content_text":"SummaryIt's only a matter of time before Reality Labs takes off.It's only a matter of time before Family of Apps return to growth mode.It's only a matter of time before macro conditions improve.By then, Meta's stock price would've been significantly higher.It pays to be a contrarian today.This is the OASIS. It’s a place where the limits of reality are your own imagination. You can do anything, go anywhere.(Wade Watts — Ready Player One, 2018)From the movie Ready Player One, the OASIS (Ontologically Anthropocentric Sensory Immersive Simulation) is a massive multiplayer online simulation game that takes place in a virtual reality world, or as we call it, the metaverse.I was skeptical of the metaverse — I'm not a gamer nor a tech enthusiast. But when I watched this movie, it gave me a perspective of what the future of gaming may look like.Then one day, I tried Meta's VR headset — it completely changed my perception of virtual reality.In this article, I dive deep into Meta's (NASDAQ:META) business, financials, opportunities, challenges, and more. Enjoy!Investment ThesisToday, investors get to buy Meta's advertising business on the cheap. In addition, they get to piggyback Meta's emerging virtual reality unit, which could be a massive opportunity for the company if executed well.Shares of Meta are down big. Macro headwinds, rising competition, iOS changes, weakening profitability, and metaverse uncertainty are to blame here.But these headwinds are temporary — it's only a matter of time before things change for the better.And when they do, investors would've missed most of the gains.As such, it pays to be a contrarian today.Value PropositionIn 2003, Harvard sophomore Mark Zuckerberg launched a website called Facemash. He wrote a piece of software that hacked into the university's servers, downloading and uploading photos of students — without consent — into his newly-built website. In turn, Facemash visitors could see two student photos side-by-side with the prompt \"Who's Hotter? Click to Choose.\"Word of the new website spread like wildfire as people began rating who's hot and who's not. This caught the attention of the Harvard administration who, a few days later, shut down Facemash. Zuckerberg, on the other hand, faced charges for hacking campus security and violating individual privacy. He also faced expulsion.Fortunately, all charges against him were dropped.Not long later, Zuckerberg launched Facebook on February 2004.Facebook was allegedly an idea stolen from three Harvard seniors who wanted to launch a social networking website called HarvardConnection. A lawsuit was filed against Zuckerberg. But again, he dodged another bullet and eventually walked off scot-free.To grow the website, Zuckerberg turned to fellow students Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, and Chris Hughes. The 5 co-founders expanded the site to additional universities, to employees, to other countries, and eventually made the social networking website available to anyone 13 years or older with a valid email address.By end of 2004, Facebook had 1 million active users. By 2010, the number blew up to 500 million, becoming the world's largest social networking service.In essence, Facebook enables people to share life's moments, connect with others, and build communities. It was intended for social networking purposes but has now grown into a platform for news, shopping, dating, and more.In 2011, the company launched Messenger, a simple, instant messaging app and platform for consumers and businesses. Today, users can also make audio and video calls.The following year, the company acquired photo-sharing startup Instagram for $1 billion — a hefty amount for a company with only 13 employees. However, Instagram, arguably, turned out to be the company's most successful acquisition to date.With Instagram, users can share photos and videos through different formats: regular posts through Feed; temporary content through Stories; short-form videos through Reels; and livestream through Live. Users can also chat and shop through the app.Not long after the Instagram acquisition, Facebook went public in May 2012.Two years later, Facebook made another acquisition — a blockbuster one to say the least. In 2014, WhatsApp joined the Facebook family... at a price tag of $19 billion.WhatsApp is a simple and secure messaging app that allows people to communicate through the internet, rather than through a traditional cellphone messaging platform and network.Apple StoreFacebook, Instagram, Messenger, and WhatsApp make up Meta's Family of Apps, or FoA. These are the social media/communication platforms that billions of everyday consumers have come to love and appreciate.These apps are also mediums for businesses, both small and large, to grow their communities. In simple terms, FoA provides companies with the:platform to showcase content outside of their native websites.communication tools to engage with consumers.ad space to reach relevant customers.opportunity to grow online sales.Meta is also moving beyond 2D screens toward immersive experiences provided by augmented reality [AR] and virtual reality [VR].A month after its WhatsApp acquisition, Facebook acquired Oculus — a leader in VR technology and headsets — for $2 billion. Zuckerberg believes that VR technology will be important in next-generation social and communications platforms.At that time (2014), the acquisition left many scratching their heads, wondering why would a software-enabled social media ad giant acquire a hardware company that seemed to be completely unrelated to FoA.MetaFast forward to 2022, Wall St and Main St are starting to see what Zuckerberg sees. In recent years, it's normal to hear people conversing about AR, VR, and the metaverse. According to Investopedia:The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually.Not surprisingly, Meta is one of the only few companies making bold investments into the space, offering consumers cutting-edge VR hardware, software, and content through their Reality Labs[RL] division.Without going too much into detail, RL consists of three device groups:Virtual Reality: people can enjoy 3D games like Beat Saber, powered by Meta Quest headsets, which start from $399 a piece. Meta is also working on Horizon Worlds, a shared virtual 3D space for all, and Horizon Workrooms, a shared virtual office for workers to collaborate and interact with one another.Meta Horizon WorkroomsSmart Glasses: Meta has partnered with Ray-Ban to develop smart glasses with features such as built-in cameras, open-ear audio, and social sharing capabilities, to name a few. Though VR features are still limited, these smart glasses are a less intimidating option than the bulky VR headsets offered by Meta.Meta Portal: These are a family of video calling devices with built-in virtual assistant technology, smart cameras, and compatibility with apps like Zoom (ZM), Messenger, and WhatsApp. These devices are probably the ones that left me with the most question marks as it seems to be a redundant component of Meta's entire product line. Plus, consumers are better off buying an iPad, which offers more functionality.Meta PortalThe concepts of AR, VR, and the metaverse are still new. But they're gaining more acceptance and adoption by the day, as envisioned by Zuckerberg. At the same time, they're still speculations — we don't know whether the metaverse is a thing of the future or just a fad.But one thing's for sure: Zuckerberg is going all in on this venture, as stated by the company's updated mission statement:Our mission is to give people the power to build community and bring the world closer together.All of our products, including our apps, share the vision of helping to bring the metaverse to life.(META FY2021 10-K)The company went as far as changing its company name and ticker symbol.Ultimately, Meta's RL venture could redefine the way people work, play, and interact with one another, through virtual worlds. Combined with Meta's FoA, we could see a whole new social networking experience come to fruition in the coming years.Market OpportunityMeta operates in two separate industries: advertising and the metaverse. I'll address the market opportunity for each, starting with the ad market.AdvertisingI believe there are a few levers that drive the social media ad industry:Average time spent on social media platforms.The number of social media users.E-commerce market share.As we all know, the early days of the pandemic led to governments all over the world exercising social distancing and stay-at-home policies. In addition, corporations globally passed work-from-home policies, leaving billions of people stuck at home. As such, many people turned to the internet to alleviate their boredom. This includes scrolling through social media such as Facebook, Instagram, and TikTok. As shown by Oberlo, the Average Time Spent on Social Media was 145+ minutes in 2020 and beyond.OberloWhile the figure seemed to have plateaued, we can see that Global Social Media Users continued to grow, and are expected to reach 4.59 billion by the end of 2022. So, on a gross basis, Time Spent on Social Media platforms actually increased.OberloAs more users spend more time online, they naturally spend more money online. According to Insider Intelligence, Retail Ecommerce Sales Worldwide grew by 26% in 2020, an acceleration of 21% in 2019, to $4.2 trillion. That number is expected to continue its growth trajectory, reaching $8.1 trillion by 2026. Robust growth in the Ecommerce sector is a prime reason why companies globally are allocating more budget for digital ad marketing, including ads on social media platforms. The Statista graph below shows Social Media Advertising Spending Worldwide over the years, and we can see that it has been growing rapidly.StatistaAs long as these three major trends persist, they should be a tailwind for social media ad platforms like TikTok and Instagram. And since Meta is predominantly an ad business, these trends should benefit Meta in the long run.That's the boring, old ad industry.Now let's turn to the more exciting industry: the metaverse.MetaverseThere are several key players that would eventually contribute to the growth of the metaverse:Hardware: In order for people to immerse themselves into the metaverse, they need VR hardware, and presently, the VR headset offered by Meta Quest is the most readily available. Chip manufacturers also play a role in this category as it requires exceptional processing power to achieve optimal experience — companies like Nvidia (NVDA) and AMD (AMD) come to mind. Data center REITs — such as Digital Realty Trust (DLR) and Equinix (EQIX) — also play a crucial role as data centers are required to support the growth of the metaverse. Even 3D space capture and virtual touring companies like Matterport (MTTR) could be a part of the metaverse as physical real estate turns increasingly virtual.Software: There needs to be a software stack for developers to build and support 3D worlds, games, spaces, items, etc. One particular company is Unity Software (U).Virtual Real Estate: Unlike the real world, the metaverse could be limitless. But just like all real estate, location, location, location matters — the company that can provide the most desirable shared virtual space should prevail. Meta is already working on this with the launch of Horizon Worlds. Another prominent player in the space is Roblox (RBLX) which already has companies like Walmart (WMT) and Gucci buying its digital real estate. The more users and businesses populate a particular virtual space, the more valuable that real estate gets, thus allowing the virtual landlord to charge higher \"rent\".WalmartDigital Currency: Although the current crypto winter might be scaring some consumers away, we all know that crypto is gaining more acceptance and adoption by the day — crypto could be the currency of choice for transactions in the metaverse. Crypto exchanges like Binance and Coinbase (COIN) could provide the infrastructure to process these transactions.Digital Items: Buying and selling items in the virtual world is already common, especially in blockbuster games such as Fortnite and Warcraft. In the metaverse, participants can buy and sell NFTs — NFT marketplaces like Opensea could provide the infrastructure for people to exchange these digital items.So these are several investment vehicles investors can partake in the speculative growth of the metaverse. Meta seems to be focusing on the software and virtual real estate components of the metaverse, though they may expand to other areas to offer consumers a full ecosystem experience.Nevertheless, the metaverse is still a nascent category so it's incredibly difficult to predict the trajectory, let alone quantify the potential size, of the industry. But here are a few estimates by several industry analysts:$825 billion by 2030 (Verified Market Research)$679 billion by 2030 (Grand View Research)$1,607 billion by 2030 (Precedence Research)Suffice to say, market research firms expect the metaverse to make up a larger part of our lives over time.If Meta executes well on its RL venture, we could see a metaverse giant in the making. Subsequently, Meta could start running ads in the metaverse, which becomes yet another growth catalyst for its ad segment.Business ModelMeta operates two segments: FoA and RL.Family of AppsAdvertising Revenue: Meta generates revenue by selling ad placements. Marketers pay for ad products based on the number of impressions or actions (such as clicks, conversion, etc.). Revenue is recognized once the impressions are delivered or when a user takes the action specified in the contract.Other Revenue: This consists of net fees received from developers and Revenue from other sources.Reality LabsMeta generates RL Revenue from the sale of hardware products such as Meta Quest and Meta Portal, as well as other related software and content.For both segments, Revenue is typically the strongest in Q4 due to strong demand during the holiday season.As shown below, Meta's Advertising component still makes up the bulk of the entire business, at 98% of Total Revenue.META Investor Relations and Author's AnalysisGrowthFor the first time in its history, Meta reported a YoY decline in Revenue in Q2, which dropped by 1% to $28.8 billion. In the chart below, we can see how Revenue growth rates accelerated during the early days of the pandemic, peaking at 56% in 21Q2. Since then, Revenue decelerated substantially due to a number of headwinds which we'll discuss further below. That said, the sharp drop in growth has led many to conclude that Meta's growth story is finally over.META Investor Relations and Author's AnalysisDuring the Q2 earnings call, management highlighted a few headwinds to Revenue:Currency Exchange Pressure: Strong US dollar is putting pressure on Meta's business outside of the US. On a constant currency basis, Revenue would have grown by 3% YoY.Apple iOS Changes: Management estimated a $10 billion impact for the year due to Apple's new privacy policy, which limits in-app data tracking.Reels Growth: Reels is still in its early stages and therefore, has not been monetized at the same rate as Feed or Stories. As users turn their attention to short-form video content, higher-monetizing surfaces naturally take a hit. But management's priority is to drive engagement and user growth — that means sacrificing near-term topline growth.Macro Uncertainty: Amidst a challenging macro environment, marketers are lowering ad spending.The table below shows Revenue by geography. We can see that North America and Europe — Meta's most mature markets — saw YoY declines in Q2. The drop in Europe is also due to the Russia-Ukraine war. On the other hand, Asia Pacific and Rest of World are still experiencing growth of 14% and 12%, respectively, primarily due to strong growth in click-to-messaging ads.META Investor Relations and Author's AnalysisThe total number of ad impressions in Q2 increased 15% YoY. The increase in ad impressions was due to a higher number of ads displayed across a larger user base. As shown below, Family Daily Active People [DAP] and Family Monthly Active People [MAP] both grew by 4% in Q2, to 2.88 billion and 3.65 billion, respectively.On the other side, the average price per ad dropped by 14% YoY as a result of softening advertiser demand, a mix shift towards lower monetizing services, and currency pressures. As such Family Average Revenue Per Person [ARPP] dropped 5% YoY, to $7.91.META Investor Relations and Author's AnalysisFacebook Monthly Active Users [MAU] grew by 1% YoY. This is in spite of the loss of users in Russia and Ukraine, as seen by a 3% drop in Europe. Nonetheless, we could potentially see the first YoY drop in Facebook MAU in Q3 or Q4 this year.META Investor Relations and Author's AnalysisFor Facebook Average Revenue Per User [ARPU], observe how large of a variance there is on a geographic basis. For example, North America has an ARPU of $50.25 while Asia has an ARPU of $4.54. I brought this up because there lies an opportunity for Meta to increase monetization rates in regions outside of North America. That could be a significant Revenue driver for Meta.That aside, Worldwide ARPU decreased 3% YoY to $9.82 as global advertising demand weakens.META Investor Relations and Author's AnalysisWe've covered the advertising side of Meta's business. As for RL, Revenue in the segment accelerated in Q2, growing by 48% YoY to $452 million. All eyes are on the holiday quarters to see if demand remains robust. The recent price increases in Meta Quest 2 (that took effect on August 1st) could also be a Revenue booster for the segment.META Investor Relations and Author's AnalysisTo summarize, Meta's advertising unit is facing headwinds as the company navigates through a tough macro environment. Growth is decelerating as advertising demand softens, which got many investors scared about the near-term outlook of the company. On the bright side, it is encouraging to see momentum in the RL segment, though it's still a very small part of Meta's overall business.ProfitabilityQ2 Gross Profit was $23.6 billion, unchanged from last year. Meta boasts a high Gross Margin of 82% in the latest quarter. Gross Margin has been relatively stable at 80%+, showing high, consistent earnings potential.META Investor Relations and Author's AnalysisOperating Profit, on the other hand, is seeing some pressure, with Operating Margin trending downwards over the last few quarters. Overhiring is one reason to blame here, which is why the company has recently announced layoffs in an attempt to reduce costs.META Investor Relations and Author's AnalysisContinued investments in product innovation, particularly in the RL segment, are also pressuring margins. The table below breaks down Operating Profit by segment — note that Meta began reporting RL separately starting from 20Q4.As you can see, FoA Operating Margin, though in a downtrend, is still high at 39%. On the flip side, the RL segment is still chronically unprofitable, with high, negative triple-digit Operating Margins. But fear not, the income-producing FoA business more than covers the cash burn from its RL venture.META Investor Relations and Author's AnalysisManagement clearly stated that they're investing heavily in the metaverse, which explained why R&D remains the highest component of Operating Expenses, as shown below. The metaverse is Meta's next big bet, as management believes that it would eventually \"unlock hundreds of billions of dollars, if not trillions, over time.\"This is obviously a very expensive undertaking over the next several years. But as the metaverse becomes more important in every part of how we live from our social platforms and entertainment to work and education and commerce, I'm confident that we're going to be glad that we played an important role in building this.(CEO Mark Zuckerberg — Q2 Earnings Call)It's only a matter of time before Reality Labs takes off.META Investor Relations and Author's AnalysisDespite ongoing RL investments and macro headwinds, Meta is still a highly profitable business with Net Income Margins of 20%+.META Investor Relations and Author's AnalysisMore importantly, Meta has grown Earnings Per Share from a mere $0.01 per share in 2012 to $13.77 per share in 2021.Data by YChartsJust like many businesses, Meta is facing a gloomy economic backdrop, causing profitability to deteriorate. Furthermore, investments in the metaverse — which may not turn out as big and bright as Zuckerberg envisioned — are also pressuring the company's bottom line.In essence, Meta is sacrificing short-term profitability for long-term growth.But zooming out, Meta did not disappoint — it is a high-quality business with strong fundamentals and improving earnings per share, characteristics that have historically produced market-beating shareholder value.Financial HealthMeta has a fortress balance sheet with $40.5 billion of Cash and Short-term Investments. Total Debt stands at about $16.7 billion, which brings its Net Cash position to $23.8 billion. Its balance sheet is also quite liquid, with a Current Ratio of about 3x.META Investor Relations and Author's AnalysisMeta is also Free Cash Flow [FCF] positive. FCF for the last 12 months was $35.8 billion at an FCF margin of 30%.The combination of high FCF, high Net Cash position, and plummeting valuation are why the company has been buying back shares aggressively. In 2021 alone, Meta bought back $50.1 billion worth of its own shares. As of Q2, Meta had $24.3 billion available and authorized for repurchases. With shares falling, I expect big buybacks in the coming quarters.META Investor Relations and Author's AnalysisAll in all, Meta has a strong balance sheet. In times like these, profitability and financial health are crucial as the company sail through rough waters. It also means an opportunity for Meta to reinvest into growth and buyback shares while smaller, unprofitable competitors struggle to make ends meet.OutlookManagement provided the following guidance:Q3 Revenue: $26 to $28.5 billion. The company anticipates continued weakness in the advertising market as well as a 6% headwind from currency exchange rates.Q3 RL Revenue: lower than Q2 RL Revenue.FY2022 Expenses: $85 to $88 billion, lower than its previous estimate of $87 to $92 billion as the company reduces hiring and growth expenses.FY2022 Capital Expenditures: $30 to $34 billion.My take on the guidance is a mixed bag. For one, Meta expects a 6% YoY decline in Q3 Revenue (midpoint guidance), an acceleration from Q2's 1% decline. It's also 10% lower than analyst estimates, according to Consensus Gurus.RL Revenue is also expected to drop QoQ — concerning as it also meant a YoY decline in Meta's \"fast-growing\" segment.On the bright side, Total Expenses are expected to come down so the loss of Revenue has less of an impact on the company's bottom line.Consensus GurusThe near-term outlook looks dismal due to macro uncertainty and tough YoY comps.But don't worry, economic pain does not go on forever — it's only a matter of time before macro conditions improve.As such, we should see Meta jumping back into growth mode in 2023 and beyond — analysts estimate 10%+ growth in the next three years.Seeking AlphaCompetitive MoatsBased on my research and analysis, I identified 4 competitive moats for Meta: technology, scale, network effects, and switching costs.TechnologyMeta pioneered social networking through Facebook. Over the past two decades, Facebook faced fierce competition from the likes of Myspace, Friendster, Snapchat (SNAP), Vine, Twitter (TWTR), TikTok, and others, but Facebook still reigned supreme. Many people think that Facebook is dead, but its latest quarter's results said otherwise: Facebook added 39 million MAU YoY.In addition, Meta made very strategic acquisitions including Instagram and Whatsapp which further solidifies the company's technological prowess.Even in the face of changing consumer preferences and digital trends, Meta was able to adapt quickly. Here are some examples:Facebook was initially built for desktops but it quickly developed a mobile application as smartphone adoption surged.Instagram launched Stories to compete with Snap.Instagram launched Reels to compete with TikTok.That speaks volumes about Meta's technology.Not just for consumers, but for marketers as well. Meta's vast ad formats, high engagement, and data algorithm make it the most efficient platform for social media advertising, which is why companies all over the world turn to Meta, first and foremost, to promote their products and services.Insider IntelligenceMeta also leads the charge in VR hardware through its acquisition of Oculus in 2014. Billions of dollars have been invested into its metaverse venture, which puts Meta and Oculus far ahead of emerging players.ScaleAs standalone apps, only TikTok had more downloads than any of Meta's apps, according to SensorTower. However, when combined together, Meta's FoA had the most downloads globally. And these are just downloads in a given period (Q2 of 2022 to be precise).SensorTowerIf we take a look at the total number of users, we can see that Facebook is still sitting at the number one spot, followed by WhatsApp and Instagram in third and fourth place, respectively. Without a doubt, Meta's FoA ecosystem is the largest in the social media realm.BusinessofAppsTurning to the VR space, Counterpoint claimed that Oculus had a 66% market share in 22Q2. Another source found that Oculus had a 90% market share in the VR headset market.CounterpointBeing the top dog — both in the mature social media industry and the emerging VR industry — puts Meta in a favorable competitive position. Looking at the figures above, Meta seems to be running virtual monopolies in two separate industries. This type of scale presents Meta with two advantages:Economies of Scale: For example, Meta's strong brand and wide adoption meant that the company could spend less on sales and marketing to acquire new customers or retain existing customers.High Barriers to Entry: For instance, Meta's larger, income-producing FoA segment is able to support the huge losses incurred from its RL segment. Smaller companies in the VR space do not have the luxury of a cash cow funding their ventures.Network EffectsAs the number of users increases on Meta's platform, the greater the value of the platform. As we all know, the Meta ecosystem is massive:3.65 billion Family Monthly Active People, or ~45% of the world's population.2.93 billion Facebook Monthly Active Users, or ~37% of the world's population.200 million+ businesses use Meta's apps.As more users and businesses join the platform, more ads are produced. Subsequently, more data insights can be collected, which further strengthens Meta's algorithm and AI. In turn, marketers can launch more effective ad campaigns while users get more relevant content on their feeds.The flywheel effect rolls on.In addition, Meta could cross-sell products across its FoA and RL users — e.g. allowing businesses who use FoA to run ads on Horizon Worlds.The number of users in the RL segment is not disclosed yet. But per Insider Intelligence, the number of AR and VR users in the US alone are rising by the day. As the metaverse welcomes more users, virtual real estate, digital items, and so on, the greater the network effects that Meta will eventually enjoy.Insider IntelligenceSwitching CostsImagine having hundreds, if not thousands, of contacts saved in your WhatsApp. Would you go to the trouble of switching to another app, which your friends or family may or may not be using?Imagine having hundreds, if not millions, of followers on Facebook or Instagram. Would you abandon these apps and start building your following from scratch again on a new app?Imagine already being comfortable and familiar with Meta's FoA after spending years in those apps. Would you consider leaving those apps and learning the ins and outs of a whole new app?Most of you would answer \"no\" to all three scenarios.That's Meta's high switching costs moat in action — and that's why Meta's FoA is so sticky.Another reason why people stay on these platforms is that they offer specific use cases, namely social networking (Facebook), chatting (Whatsapp and Messenger), and content sharing (Instagram).Other apps do not offer such complete use cases. For example:TikTok is focused on short-form video entertainment.LinkedIn is focused on professional networking.Pinterest (PINS) is focused on high-intent idea discovery.ValuationIf you were to look at Meta's recent stock price action, you might mistake it for a high-flying, unprofitable, small-cap stock — as of this writing, Meta is down 65% from its all-time highs, unheard of from a wide-moat, FCF-generative, mega-cap company.A year ago, Meta surpassed the $1 trillion mark... for a brief moment.Today, it is only worth ~$365 billion.Slowing growth, rising competition, currency pressures, high inflation/interest rates, and RL speculation are to blame here.Following the selloff, Meta's share price is back to where it was in 2016.But here's what also happened in that 6 long years:Revenue grew ~332%.Earning per share grew ~246%.As the share price collapses, valuation multiples have compressed to levels never seen before. Meta now trades at a P/E Ratio and P/FCF multiple of 10.5x and 11.2x, respectively. These multiples — which typically trade at around 30.0x — suggest that Meta is in deep value territory.Data by YChartsTo put that into further perspective, other mega caps are trading at much more expensive P/E ratios:Apple (AAPL): 22.8xMicrosoft (MSFT): 24.2xAlphabet (GOOG): 17.8xAmazon (AMZN): 101.4xTesla (TSLA): 95.9xYes, Meta has been facing a few road bumps lately and will continue to experience headwinds in the near future. However, I believe that conditions will improve in 2023 and the company will eventually recover and return to growth mode.Bears may argue that Meta's Revenue would take a massive hit as companies all over the world pull back ad spending amidst a global recession. But the advertising industry is much more resilient than many think.Take Google — who's also an advertising giant — for example. Revenue barely dipped during the Great Financial Crisis.Data by YChartsWe could potentially see the same scenario for Meta — slight Revenue drop, followed by a quick recovery.Meta's price chart reflects a broken company with a broken stock. But fundamentally, Meta has a resilient business model with strong competitive advantages. It also has the emerging RL segment, which could be a significant Revenue driver in the years to come.In essence, buying Meta shares today means betting on two things:A swift recovery in FoA and its ad business.RL hypergrowth and profitability.The stock continues to fall, so much so that it's difficult to ignore. Even Meta is scooping up its own shares at a blistering pace.At today's prices, investors get a large margin of safety with significant upside potential.CatalystsTikTok Ban: ByteDance, the $300 billion Chinese tech giant, is the parent company of TikTok. That said, anything Chinese-related these days are under serious regulatory scrutiny. For instance, India banned TikTok in 2020 over privacy and security concerns. A few months ago, FCC member Brendan Carr urged Apple and Google to remove TikTok from their app stores over spying concerns. If TikTok is taken down, we could see a massive migration to Reels.Reality Labs: Of course, the biggest catalyst for Meta is for its RL segment to take off. After all, the company has poured billions into the unit. In the next few years, we should see major updates in the VR department. For example, Meta is reportedly working on releasing a higher-end VR headset, code-named Project Cambria — the higher price point also means a nice step toward profitability. Meta also plans to launch its AR Glasses with AR Wristbands in 2024. Keep in mind that hardware could be a stable revenue stream as consumers look to replace their VR headsets every 2 to 3 years, much like how people buy new iPhones every year or so. On the software side, Meta could generate substantial Revenue by charging fees on transactions that occur in the Meta Quest Store or Horizon Worlds. Rumor has it that Meta plans to take a 47.5% cut on virtual asset sales in its metaverse. With that said, RL seems to be a software/hardware powerhouse in the making.Reels: As discussed earlier, Reels has yet to be monetized at the same rate as Feed or Stories, and is cannibalizing sales from higher-monetized products. But with the growing popularity of short-form videos, it won't be long before Reels overtake the other products offered by Meta. As a matter of fact, Reels has crossed the $1 billion run rate, higher than Stories did at identical times post-launch, according to management. As such, it's only a matter of time before FoA returns to growth mode.Reels engagement is also growing quickly. I shared last quarter that Reels already made up 20% of the time that people spend on Instagram. This quarter we saw a more than 30% increase in the time that people spent engaging with Reels across Facebook and Instagram. AI advances are driving a lot of these improvements, and one example is that after launching a new large AI model for recommendations, we saw a 15% increase in watch time in the Reels video player on Facebook alone. So I think that there are many improvements like this that we'll continue to make.(CEO Mark Zuckerberg — Q2 Earnings Call)RisksCompetition: While Meta remains the global leader in social media, we can't completely ignore the competition. As seen below, TikTok and YouTube have higher Average Daily Minutes Spent In-App During Q2 2022 than Instagram and Facebook. Losing user time and attention to competitors meant less monetization opportunity for Meta. Apple is also expanding its ad business which may cause marketers to reevaluate their ad budget allocation strategies as there are more ad platforms to choose from. In addition, Apple is expected to unveil its AR/VR headset sometime next year, which would likely add pressure to Meta's RL sales.SensorTowerPolicy Changes: Data privacy changes and other regulatory developments could significantly impact Meta's operations. For example, Apple's 2021 iOS update allows iPhone users to opt-out of in-app data tracking, which limits digital advertisers' ability to gain user insights. This led to an estimated $10 billion impact on Meta's advertising business.Recession: As you can see in the chart below, global advertising spending fell YoY in each of the last three major recessions (2001, 2008, and 2020). With spiking interest rates and raging inflation, a looming global recession could cut advertising spending across industries.StatistaSunk Cost Fallacy: This is a phenomenon whereby a company is more likely to continue with a project because they have invested heavily in it, even when it's clear that shutting down the project would be more beneficial. Having invested billions into the metaverse, could Meta be a victim of the sunk cost fallacy? It's too early to tell. After all, the metaverse could go bust.ConclusionMeta is undoubtedly going through some challenges including macro uncertainty, rising competition, Reels cannibalization, iOS privacy changes, and currency pressures.Weakening profitability metrics, slowing growth, and the unpredictability of RL make it all the more concerning for investors.That is why shares are down 65% from all-time highs.At a P/E ratio of just 10x, investors get to buy a high-quality, wide-moat business at a large margin of safety.These headwinds are temporary — it's only a matter of time before conditions improve.When things do get better, shares would have appreciated substantially.Buy when there's blood in the streets. Buy when there are dark, gloomy headlines. Buy when no one else wants to buy.It always pays to be a contrarian.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912864227,"gmtCreate":1664801335869,"gmtModify":1676537510266,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Money","listText":"Money","text":"Money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912864227","repostId":"1156675001","repostType":2,"repost":{"id":"1156675001","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1664801237,"share":"https://ttm.financial/m/news/1156675001?lang=&edition=fundamental","pubTime":"2022-10-03 20:47","market":"other","language":"en","title":"U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1156675001","media":"Tiger Newspress","summary":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped ","content":"<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-03 20:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156675001","content_text":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912130350,"gmtCreate":1664766711170,"gmtModify":1676537505104,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666&nbsp; My btc Adress","listText":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666&nbsp; My btc Adress","text":"bc1qhztc4y0uc3ed5g0cvkf92v03tdtkk04q6va666 My btc Adress","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912130350","repostId":"1120727441","repostType":2,"repost":{"id":"1120727441","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1664766201,"share":"https://ttm.financial/m/news/1120727441?lang=&edition=fundamental","pubTime":"2022-10-03 11:03","market":"us","language":"en","title":"Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1120727441","media":"Benzinga","summary":"KEY POINTSHang Seng fell 1% in opening trade.EV shares traded mixed with Xpeng trading 2% lower, whi","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>Hang Seng fell 1% in opening trade.</li><li>EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.</li></ul><p>Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.</p><p><img src=\"https://static.tigerbbs.com/151aff949597d4735803a987699f28c6\" tg-width=\"999\" tg-height=\"446\" width=\"100%\" height=\"auto\"/>EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.</p><p>Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.</p><p>China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.</p><p>Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.</p><p>Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&amp;P 500 futures were down 0.19%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-10-03 11:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>KEY POINTS</p><ul><li>Hang Seng fell 1% in opening trade.</li><li>EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.</li></ul><p>Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.</p><p><img src=\"https://static.tigerbbs.com/151aff949597d4735803a987699f28c6\" tg-width=\"999\" tg-height=\"446\" width=\"100%\" height=\"auto\"/>EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.</p><p>Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.</p><p>China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.</p><p>Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.</p><p>Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&amp;P 500 futures were down 0.19%.</p><p>Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120727441","content_text":"KEY POINTSHang Seng fell 1% in opening trade.EV shares traded mixed with Xpeng trading 2% lower, while Nio jumped 2%.Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.EV shares traded mixed with shares of Xpeng trading 2.5% lower while Nio stock jumped 1.63%. Shares of Alibaba fell over 0.8% in morning trade while Meituan, JD.com lost over 2%.Company News: Nio, XPeng and Li Auto released their September deliveries on Saturday, with the numbers indicating a flat performance in line with that of recent months.China Petroleum and Chemical Corporation is intending to de-list its American Depository Shares trading on the London Stock Exchange, reported Reuters.Top Gainers and Losers: Country Garden Services Holdings Company Limited and Longfor Group Holdings Limited are the top gainers among Hang Seng constituents, having gained over 10% and 7% respectively. New World Development Company Limited and ENN Energy Holdings Limited are the top losers, having lost over 4% and 3% respectively.Global News: U.S. futures traded mixed on Monday morning Asia session. The Dow Jones futures were up 0.02%, while the Nasdaq futures lost 0.52%. The S&P 500 futures were down 0.19%.Elsewhere in Asia, Australia’s ASX 200 was down 0.07%. Japan’s Nikkei 225 gained 0.64%. The Chinese and South Korean markets were closed on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920770132,"gmtCreate":1670553509126,"gmtModify":1676538392644,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920770132","isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920747294,"gmtCreate":1670553366819,"gmtModify":1676538392629,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"M c","listText":"M c","text":"M c","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920747294","isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920747929,"gmtCreate":1670553352562,"gmtModify":1676538392613,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920747929","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963880930,"gmtCreate":1668645079520,"gmtModify":1676538089290,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MICR\">$Micron Solutions, Inc.(MICR)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/MICR\">$Micron Solutions, Inc.(MICR)$&nbsp;</a>","text":"$Micron Solutions, Inc.(MICR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963880930","isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986484599,"gmtCreate":1667004540311,"gmtModify":1676537847448,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Reeeewww","listText":"Reeeewww","text":"Reeeewww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986484599","isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023991423,"gmtCreate":1652843982762,"gmtModify":1676535173866,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023991423","repostId":"9029767472","repostType":1,"repost":{"id":9029767472,"gmtCreate":1652829192000,"gmtModify":1676535169677,"author":{"id":"4103332230805300","authorId":"4103332230805300","name":"Smartkarma","avatar":"https://community-static.tradeup.com/news/39fffba2ff205c2730b5bf07e3de6647","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103332230805300","authorIdStr":"4103332230805300"},"themes":[],"title":"India Bans Wheat Exports; Baby Formula & Diesel Shortage in US: Repeat of Beggar Thy Neighbor Policy","htmlText":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&amp;B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue.&nbsp; By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","listText":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&amp;B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue.&nbsp; By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","text":"What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages? These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea. Value-Oriented sectors including financials, telecom, F&B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue. By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_comm","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029767472","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029720633,"gmtCreate":1652832070922,"gmtModify":1676535169685,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Thanks for everyone's trust me to do this ,,,,,","listText":"Thanks for everyone's trust me to do this ,,,,,","text":"Thanks for everyone's trust me to do this ,,,,,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029720633","repostId":"1190255854","repostType":2,"repost":{"id":"1190255854","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652797134,"share":"https://ttm.financial/m/news/1190255854?lang=&edition=fundamental","pubTime":"2022-05-17 22:18","market":"us","language":"en","title":"Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1190255854","media":"Tiger Newspress","summary":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 b","content":"<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Soared Over 7% in Morning Trading As Buffet Added $3 Billion Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-17 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Citi soared over 7% in morning trading as Buffet added $3 billion stake.<img src=\"https://static.tigerbbs.com/f6b13d125865f483e712c52799f30f00\" tg-width=\"771\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190255854","content_text":"Citi soared over 7% in morning trading as Buffet added $3 billion stake.Berkshire bought nearly $3 billion in Citigroup in the quarter ended March 31, taking advantage of a 5% pullback in shares following a slide in U.S. banks on fears of slowing economic growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065090566,"gmtCreate":1652119566155,"gmtModify":1676535032793,"author":{"id":"4114059921898242","authorId":"4114059921898242","name":"Godo Hameed","avatar":"https://community-static.tradeup.com/news/d72d1ee348beac9927fb5b6829582ab9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114059921898242","authorIdStr":"4114059921898242"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065090566","repostId":"1132050506","repostType":4,"repost":{"id":"1132050506","kind":"news","pubTimestamp":1651805985,"share":"https://ttm.financial/m/news/1132050506?lang=&edition=fundamental","pubTime":"2022-05-06 10:59","market":"us","language":"en","title":"Big Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow","url":"https://stock-news.laohu8.com/highlight/detail?id=1132050506","media":"TheStreet","summary":"Apple, Microsoft, Alphabet, Amazon, Tesla, Meta and Nvidia, which are among the Top 10 largest companies by market capitalization, had a bad day.","content":"<html><head></head><body><p>Is Silicon Valley in a recession?</p><p>The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors&#39; eyes turned to most of the so-called growth assets, in other words tech.</p><p>The Fed lifted its Fed Funds rate by 50 basis points, to a range of 0.75% to 1%, its largest rate hike in more than two decades.</p><p>The central bank also confirmed plans to reduce its $8.9 trillion balance sheet, with $47.5 billion in sales starting on June 1 with a cap on its monthly asset sales at $95 billion, comprised of $60 billion in Treasury bonds and $35 billion in mortgage bonds.</p><p>&#34;The Fed now finds itself in a peculiar situation where it’s forced to implement aggressive policy tightening at a time when economic indicators are beginning to soften,&#34; said Peter Essele, head of portfolio management, Commonwealth Financial Network. &#34;The Fed has indicated its preference for a soft landing; however, if history is any indication, the Fed often misses the mark and things end with a thud.&#34;</p><p><b>Big Tech Down</b></p><p>Essele added that &#34;the performance of recent equity markets would suggest that investors aren’t too convinced the Fed can engineer a parachute landing this time around with the economy.&#34;</p><p>For investors, the aggressiveness of the Fed suggests difficult times for the economy. Tech groups will be among the first companies affected if consumers and businesses reduce their purchases for fear of a difficult tomorrow. On the other hand, tech groups, which are often seen as growth sectors, tend to live on promises. In doing so, they need cheap money to finance their innovations.</p><p>Recession fears have therefore unsurprisingly affected the entire tech sector. The behemoths of the sector have been heavily impacted. </p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> shares lost 5.57% at $156.77, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> shares declined 4,36% at $277.35 Thursday. <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> share were down 4.76% at $2,334.93, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> shares dropped 7.56% at $2,328.14. <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> shares slid 8.33% to $873.28, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> shares tumbled 6.77% to end at $208.28 and <a href=\"https://laohu8.com/S/NVDA\">Nvidia  </a> shares fell 7.33% at $188.44.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Hit by Multi-Billion Dollar Rout as Silicon Valley Recession Fears Grow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is Silicon Valley in a recession?The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary...</p>\n\n<a href=\"https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","NVDA":"英伟达","AAPL":"苹果","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.thestreet.com/technology/big-tech-hit-by-multi-billion-dollar-rout-as-silicon-valley-recession-fears-grow","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132050506","content_text":"Is Silicon Valley in a recession?The question became more pointed  this May 5 in the financial markets. After the Federal Reserve indicated on May 4 that it was entering a phase of aggressive monetary rate hikes to curb inflation, investors' eyes turned to most of the so-called growth assets, in other words tech.The Fed lifted its Fed Funds rate by 50 basis points, to a range of 0.75% to 1%, its largest rate hike in more than two decades.The central bank also confirmed plans to reduce its $8.9 trillion balance sheet, with $47.5 billion in sales starting on June 1 with a cap on its monthly asset sales at $95 billion, comprised of $60 billion in Treasury bonds and $35 billion in mortgage bonds.\"The Fed now finds itself in a peculiar situation where it’s forced to implement aggressive policy tightening at a time when economic indicators are beginning to soften,\" said Peter Essele, head of portfolio management, Commonwealth Financial Network. \"The Fed has indicated its preference for a soft landing; however, if history is any indication, the Fed often misses the mark and things end with a thud.\"Big Tech DownEssele added that \"the performance of recent equity markets would suggest that investors aren’t too convinced the Fed can engineer a parachute landing this time around with the economy.\"For investors, the aggressiveness of the Fed suggests difficult times for the economy. Tech groups will be among the first companies affected if consumers and businesses reduce their purchases for fear of a difficult tomorrow. On the other hand, tech groups, which are often seen as growth sectors, tend to live on promises. In doing so, they need cheap money to finance their innovations.Recession fears have therefore unsurprisingly affected the entire tech sector. The behemoths of the sector have been heavily impacted. Apple shares lost 5.57% at $156.77, while Microsoft shares declined 4,36% at $277.35 Thursday. Alphabet share were down 4.76% at $2,334.93, Amazon shares dropped 7.56% at $2,328.14. Tesla shares slid 8.33% to $873.28, Meta Platforms shares tumbled 6.77% to end at $208.28 and Nvidia   shares fell 7.33% at $188.44.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}