Meta regaining favour in the market!
On top of revenue and earnings beat, what is keeping investors excited about $Meta Platforms, Inc.(META)$
Prior to 2023, Meta has been beaten down quite badly with its first reduction ever reported in the monthly active users base of FB. As the active user base starts to pick up in 2023, there has been a boost in the advertising revenue for the business as well.
Furthermore, in my humble opinion, I really have to salute Zuckerberg's ability to make swift pivots in strategic direction to ensure the company stays relevant and competitive. Just awhile back, Facebook has been rebranded and renamed into Meta for the purpose of highlighting its intent to become a market leader in Metaverse. As profitability seems challenging in near term, Meta has successfully pivoted into Generative AI. In its partnership with $Microsoft(MSFT)$ , Meta hopes to further enhance its proprietary language model - Llama 2. More AI features are expected to improve messaging, video sharing and business functions of Meta.
That's not all. Have you guys tried the latest baby of Meta? Threads (a twitter rival) was introduced by Meta recently and it has already made a grandest entrance that it can ever be in the market. User interaction is great and in time too come, Thread will become a new monetisation source for Meta!
I am definitely excited for the future of Meta. Meanwhile, please invest safe!
@CaptainTiger @Daily_Discussion @TigerStars @MillionaireTiger
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The meta verse is a very risky investment. I'll still be bullish here but I'd be even more bullish if it was put into more of a slow burn until the market for it was found.
Did you know meta made PyTorch? The same software that everyone is screaming Ai and added billions of market cap on apple and Microsoft
Strong buy next week. This bounce off $311. $330 Monday. Or even more.
I'm bullish on meta and bought in when it was cheap. I'm still bullish. They make more money per user than netflix.
Apple has a cult following and they tend to monopolize markets when they enter them. Meta like Google tends to half ass their projects. Just look at Threads.