“The catalyst for Meta’s recent rally is likely traced to both extensive cost-cutting measures and adjusting to the negative effects of Apple’s privacy changes which significantly hurt ad revenue,” said Mike Akins, founding partner at ETF Action, the index provider of Amplify’s MVPS ETF. “To a large extent, Meta’s recent surge is simply recovering from being oversold.”
Morgan Stanley’s Nowak called Meta the most durable megacap if consumer spending weakens, since the company’s cost reductions have been bolder than at peers such as Alphabet Inc. Still, some investors may be unwilling to pay up now for Meta after the blistering rally since November, especially because there may well be a recession in the offing. Even if Meta’s ad business holds up better than rivals’, if the downturn is steep enough, all media stocks will suffer.Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
When the mainstream media offers investment advice, it is already too late for the average investor. No one wants to live in a fake alternate reality in “Meta”. Alternate computer reality is even more depressing and enables personal psychosis and mass psychosis.
NOT FOR LONG
This is Propaganda
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers closes its $20B acquisition of Shaw - BNN BloombergRogers Communications Inc. has closed its $20-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Rogers finalizes $26-billion merger with Shaw after receiving government approvalRogers Communications Inc. has closed its $26-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week. Can we have local angle instead of qc/ont centric one from CP? Like how does this affect BC shaw customers? Are there promises to lower cable/Internet costs, can Shaw customers finally get a la carte like bell back east has ( was great, could change channels, not stuck w/tiers)
Source: CHEK_News - 🏆 59. / 55 Read more »
Rogers finalizes $26-billion merger with Shaw after receiving government approvalRogers Communications Inc. has closed its $26\u002Dbillion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week It's all a mafia conglomerate. Clients will be paying the proverbial piper, as always 😅 Instead of more competition we have less! Stupid laws they passed are useless. Take a look at prices in Europe 🤦🤦🤦🤦🤡
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Rogers closes $26-billion Shaw acquisition after federal government approvalRogers Communications Inc. has closed its $26\u002Dbillion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week very bad news for the internet in Canada.
Source: calgaryherald - 🏆 64. / 52 Read more »