Meta Platforms (FB); Former Facebook

[winston]

not vested

Facebook owner Meta Platforms Inc shares plunged more than 20 per cent late on Wednesday as the social media company missed on Wall Street earnings estimates and posted a weaker-than-expected forecast.

Meta said it faced hits from Apple Inc's privacy changes to its operating system, which have made it harder for brands to target and measure their ads on Facebook and Instagram, and from macroeconomic issues like supply-chain disruptions.

The tech giant said it expected slowing revenue growth in the coming quarter because it faced increased competition for users' time and a shift of engagement toward such features as its short video offering Reels, which generate less revenue.

Source: Phillips

[winston]

not vested

Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing

by Steve Kovach

KEY POINTS
Meta revealed financials for its “metaverse” business for the first time.
Reality Labs reported massive, growing losses — more than $10 billion in 2021 alone.
The losses show Facebook is spending massive amounts of money to find its next stage of growth.

And the losses will likely only get bigger this year.

Executives have already said it could take up to 15 years to fully realize their vision.

Source: CNBC

https://www.cnbc.com/2022/02/02/meta-re ... KW,53Q9G,1

[winston]

not vested

Meta shares sink 20% as Facebook loses daily users for the first time

by Elizabeth Culliford and Nivedita Balu

Blaming Apple's privacy changes and increased competition for users from rivals like TikTok & Youtube.

Facebook’s global daily active users declined from the previous quarter for the first time, to 1.929 billion from 1.930 billion.

Impact of Apple's privacy changes could be "in the order of $10 billion" for 2022.

Source: Reuters

https://finance.yahoo.com/news/facebook ... 53866.html

[winston]

vested

Meta Platforms Inc – Competition knocks growth and raises expenses

Recommendation: BUY (Maintained);
TP US$312.00, Last close: US$237.09;

4Q21 earnings in line with expectations. FY21 revenue/PATMI at 102/105% of our FY21e forecasts

Apple iOS 14 privacy changes decreases the accuracy of FB’s targeted ads, making it increasingly tougher to track and measure the outcomes of these ad campaigns

The company guided weak 1Q22 revenue growth of 3-11% and FY22e expenses to rise at least 26% to US$90bn-95bn. FB is also undertaking major capital expenditure of US$29bn-34bn to beef up its IT infrastructure.

We maintain a BUY recommendation with a reduced DCF target price from US$424.00 to US$312.00 (WACC 6.6%, g 3.5%).

Our target price is lowered due to growth pressures from increased competition and reduced earnings of 24% due to increased expenditures.

Source: Phillips

https://www.stocksbnb.com/reports/meta- ... -expenses/

[winston]

How long can Zuckerberg afford to bankroll the AR/VR market?

by Lucas Matney

The Facebook platform -- has stopped growing and actually shrank this quarter.

The AR/VR world is increasingly proving to be a tough place to do business.

Apple has delayed its own headset again and again.

Microsoft is scrapping plans for a third-generation headsets.

Magic Leap has turned away from several of the key technologies it raised billions of dollars to develop.

Source: Tech Crunch

https://finance.yahoo.com/news/long-zuc ... 53299.html

[winston]

vested

Meta Platforms Stock: Too Cheap to Ignore?

by Amit Singh

Meta stock is trading at a forward earnings multiple of 14.3

Source: Tip Ranks

https://www.tipranks.com/news/article/m ... =story_mon

[winston]

Meta exec pitches metaverse business to advertisers

by Elizabeth Culliford

"Without the physical limitations that exist today that put pressure on businesses' bottom line, things like real estate, supply chain and geographical reach, the metaverse will open up more opportunities for businesses to make money".

Company's partnership with the National Football League that allows users to outfit their VR avatars with team jerseys as an experiment in digital goods.

Before the metaverse is fully realized - which he said could be a decade away - businesses should continue to use its commerce channels on Facebook and Instagram and told advertisers to try out building augmented reality ads.

Source: Reuters

https://finance.yahoo.com/news/meta-exe ... 27786.html

[winston]

vested

Did Meta Stock Just Hit Bottom?

Meta stock is ripping higher today. Was this week the bottom? Let's look at the chart.

by BRET KENWELL

Focus on the $236.50 to $237 area, where the stock finds its 61.8% retracement of the post-earnings range.

Above that opens the door to the 2021 low near $244.50, followed by the post-earnings high of $248.

If it can clear $248, it will go up into the gap and can work on filling it up to the $317 area. How far it fills — should it even get beyond $248 in the short term — remains to be seen.

Source: The Street

https://www.thestreet.com/investing/did ... t%2BBottom?

[winston]

vested

Now’s Your Chance to Grab This Stock at a Great Entry Price

by Jody Chudley

This company generated $117 billion in revenue for 2021, an increase of 36% from the $86 billion reported in 2020.

Net income for Meta rose to $39 billion in 2021 from $29 billion in 2020 – a very healthy 34% increase year over year.

My personal favorite is the $58 billion in cash flow from operations that I see on Meta’s cash flow statement for 2021 – a 48% increase on the $39 billion reported in 2020.

Debt-free balance sheet that is loaded with $50 billion in cash and short-term investments.

In the fourth quarter of 2021, an astounding 3.59 billion people used at least one of the company’s “family of apps,” which includes Facebook, Instagram, Messenger and WhatsApp.

Meta’s current price-to-earnings (P/E) ratio is now under 17, while the S&P 500 trades at a P/E/ of 23.3.

Source: Wealthy Retirement

https://dailytradealert.com/2022/02/19/ ... try-price/

[winston]

vested

Meta Platforms: Fallen FAANG Stock, Potential Deep Value

by Joey Frenette

Out of 44 analyst ratings, there have been 32 Buys, 11 Holds, and one Sell recommendation assigned in the past three months.

The average Meta Platforms price target is $332.14, implying an upside of 53.4%. Analyst price targets range from a low of $225.00 per share to a high of $466.00 per share.

Source: Tip Ranks


https://www.tipranks.com/news/article/m ... =story_tue