‌$Meta Platforms, Inc.(META)$metaverse ‌interesting to note that their earning call this coming on 27 July may filled with slight let down.

As we all already know that:
•Recession risk hitting every company's spending budgets
‌•$Apple(AAPL)$ ‌privacy changes that threatened targeted online ads which costing Meta $ 10 Billion hit to their top like revenue
•The closure of Russia market
•Stiff competition in not only digital ads space but also to maintain DAU (Daily Active Users)

With Meta truly immense itself to catalyst its Metaverse World with Virtual Reality Oculus VR headset, which might give it a slight 'nudge' through its Reality Lab commitment.

All in all, caution as to buying in before earning calls as more headwinds is yet to come. Given the digital ads landscape is in the "sea of red", look at ‌$Snap Inc(SNAP)$ ‌‌‌performance and you will get a rough understanding of the situation at hand.

For deep understanding of Snap, you might want to have a peak at my commentary via the following link:

https://ttm.financial/m/hotDiscussion?themeId=e020a83ea15047ebaf152fe93ebc6328&utm_medium=copy


One should ride the wave of trend to make sure that further downward trend might be possible and if so DCA if one believe in the long term.

META would do better in the long run.