Buying opportunity

pekss
04-25

$Meta Platforms, Inc.(META)$  stock price took a plunge over 15% after its latest earnings release during the post-market trading despite an earnings beat, as its revenue forecast for the prevailing quarter has fallen short of market's expectations, dragging down fellow social media peers such as $Snap Inc(SNAP)$ which fell over 5% in the after-hours trading as well. Further worrying the market is Meta Platforms 's plan to aggressively increase its investments on artificial intelligence. Its peers with significant stake in AI have also fallen in sympathy.

However, the investments to enhance its AI functions and features across its suite of social media platforms are necessary to improve its competitiveness in the AI arena to fend off competition.

Furthermore, the US President just signed a Bill that has enjoyed partisan support across the US House and Senate which approved a ban on TikTok in the US if its owner ByteDance fails to divest the popular short-video app within a year. This will further lend support to Meta Platforms' own short-video platform Reels which competes directly with TikTok.

In another potential boost to its business, Meta may also commence selling advertising on Threads, its text message platform similar to X (formerly Twitter), where advertisers who are looking to reach audiences during real-time moments will finally have a viable alternative to X.

Hence, I believe that the plunge in Meta Platforms' stock price is a knee-jerk reaction over its huge investment plan, and presents a buying opportunity for long-term growth.

@MillionaireTiger @VideoLounge @CaptainTiger @TigerStars @TigerWire @TigerEvents 

# 💰 Stocks to watch today?(30 Apr)

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  • OYoung
    ·04-25

    Yeah I think it’s a buying opportunity too

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  • JackPowell
    ·04-25
    (META)$!
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