Meta Platforms (FB) 02 (Jun 22 - Dec 26)

[winston]

not vested

Current and former Meta staffers describe confusion, disarray and declining confidence in Mark Zuckerberg as Sheryl Sandberg departs

Source: Fortune

[winston]

Inside Mark Zuckerberg’s billionaire lifestyle: Meta’s CEO may dress down (in US$400 T-shirts), but he splurges on Hawaiian land, mansions, top-notch security, private jets and luxury cars

Facebook, Instagram and Whatsapp’s billionaire CEO was criticised for buying swathes of land in Hawaii – some called him a colonist, but he bought more anyway

He lives in Palo Alto, California with his wife Priscilla Chan and kids and drives a Pagani Huayra – on par with Ferrari and Lamborghini – along with his more humble Honda

by Vandita Agrawal

Source: SCMP

https://www.scmp.com/magazines/style/ce ... gn=3178221

[winston]

not vested

Meta’s $10 billion problem: Slowing ad revenue could hurt its ambitious metaverse plans. Here’s how the company hopes to rebound

BY JEREMY KAHN AND JONATHAN VANIAN

Source: Fortune

https://fortune.com/2022/06/10/meta-pla ... rtunedaily

[winston]

not vested

Mark Zuckerberg showed these prototype headsets to build support for his $10 billion metaverse bet

by Kif Leswing

KEY POINTS

Meta, formerly Facebook, expects to spend at least $10 billion this year on research and development on virtual reality and augmented reality technologies.

CEO Mark Zuckerberg on Monday showed off how much progress the company has made by revealing many of the unfinished headset prototypes it has built in its labs.

Source: CNBC

https://www.cnbc.com/2022/06/21/mark-zu ... idappshare

[winston]

not vested

Meta Platforms Stock: Value Trap or Screaming Buy?

by BRET KENWELL

PE 13.

Analysts expecting 7% revenue growth this year, earnings are forecast to fall almost 15%. The year 2023 is rosier, with forecasts calling for an acceleration in growth, up to 16% for revenue and 18% for earnings.

At just 13 times this year’s earnings, trailing free cash flow of $39 billion and almost $44 billion in cash and equivalents.

Source: The Street

https://www.thestreet.com/investing/met ... ming%2BBuy?

[winston]

not vested

Meta Plunge Lures Value Buyers as Growth Funds Flee

by Subrat Patnaik and Ryan Vlastelica

Trading now at 12 times earnings versus a multiple of 20 for the Nasdaq 100 and 16 for the S&P 500.

The company is getting hit on many fronts, including a “massive brain drain,” regulatory crackdowns and, most crucially, slowing user growth, because everyone who wants to be on Facebook, WhatsApp or Instagram already is.

Being cautious in the short term but are extremely optimistic in the long run”.

Source: Bloomberg

https://finance.yahoo.com/news/meta-plu ... 41657.html

[winston]

not vested

Meta Platforms (META) is “Extremely Undervalued”

by Jody Chudley

At Meta’s current $414 billion market valuation, buyers of Meta shares are getting a business that earned $39 billion last year.

From a valuation perspective, that equates to a 9.4% earnings yield based on trailing earnings ($39 billion / $414 billion = 9.4%).

Last year, Meta generated $57 billion in cash flow from operations.

At the current valuation, Meta shares have a 13.8% operating cash flow yield ($57 billion / $414 billion = 13.8%).

Source: Wealthy Retirement

https://dailytradealert.com/2022/06/29/ ... dervalued/

[winston]

vested

From Boyar Value Group in its Q4 2021 investor letter:

“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more) but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top.

Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms Inc. (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”

[winston]

vested

Mark Zuckerberg Makes a Dark Prediction

by LUC OLINGA

He expected "one of the worst downturns that we've seen in recent history".

The firm only plans to hire between 6,000 and 7,000 new engineers in 2022, against an initial project of 10,000 new recruits, indicates Reuters. It is therefore a revision of 30% to 40%.

First-quarter revenues of $27.908 billion, up 6.6% year over year, missing analysts estimates of a $28.2 billion tally.

Ad revenues were up 6.1% to $27 billion.

Suffered its first-ever decline in daily active users last quarter, rose 4% from last year at 1.96 billion, just ahead of the Street consensus of 1.951 million.

Source: The Street

https://www.thestreet.com/technology/ma ... Prediction

[winston]

not vested

Mark Zuckerberg Sets Facebook's Top Priorities

Social-media giant Facebook wants to focus on six important areas as its CEO expects "one of the worst downturns" in recent history.

by LUC OLINGA

"Avatars and Horizon Worlds + Platform remain the key priorities, and our focus now is on execution".

Horizon Worlds is Meta's social metaverse platform for Quest VR headsets.

Reality Labs, the division that houses Meta's metaverse plans, posted a $2.96 billion loss on revenue of $695 million.

Monetizing Reels and meeting the challenges posed by new privacy changes are also in the strategic roadmap.

The DMA targets the lack of competition in digital markets; the DSA is concerned primarily with transparency and consumer protection.

Meta also intends to focus on artificial intelligence, monetize its products and services and add new services to WhatsApp and Messenger.

Source: The Street

https://www.thestreet.com/technology/ma ... Priorities