The other day, I expressed my view on Meta on Instagram and invested 8% of my portfolio in the company. MJ from FIRL told me that he also shared his thought on Meta in his Youtube channel. Great video, you should watch it too and see how mine and his view coincide and diverge.
Anyways, I will try to lay down my thesis for Meta.
I still think that the 73% drop from peak to bottom (has since recovered a bit but still 67% YTD drop) is too much an overreaction.
Basically, Meta is facing 3 short term problems and 1 long term problem.
Now, let’s dive deep.