Facebook has taken a beating this year with stocks falling from $353.83 in Nov 2021 all the way down to $90.48 today.
A drop is to be expected when overall markets fall and a drop is to be expected when missing quarterly targets but Facebook/Meta is falling harder, it's being driven down by other factors.
More importantly there is nothing forward looking in the pipeline to encourage people to hold. The 1.2 billion metaverse massively under-delivered and is now seen as a liability as it will cost much more to continue developing than people expect it to generate, for several years at least and possibly permanently.
Facebook and Instagram are also losing ground to TikTok so what's the answer for Facebook? It's a hot question in investment circles right now.
