“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
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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
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