This is just a quick note to state my observations of Meta's results. Competition from Tiktok and other platforms seems to be impacting the results of Meta. Why do I say so? I note that Apple, Microsoft and Alphabet all have over 30% + in revenue and operating profit growth. While Meta did not do that badly in terms of such performance year on year for the full year period, it did disappointingly for its year on year performance for its 4Q2021 results. Its revenue dipped when compared against the same period last year for its family of Apps, so did its reality labs' performance which is its new area of growth going forward.
On the 1st quarter 2022 guidance, it was projected to be relatively weak growth as a result of pricing concerns and lower impression duration due to competition.
While Meta isnt that expensive on price earnings multiple after it tanked in post market, there isnt any certainty that future growth would warrant a buy the dip strategy for Meta.
I will stay on the sideline and see if Meta can find support at 230 USD.
As always, this should not be construed as any investment or trading advice.
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