/biz/ - Business & Finance

jews

>>57229296
its funny cause facebook hasnt even done anything in the last 10 years they just keep copying other businesses. Snapchat stories, tinder, craigslist, vrchat etc

The market underestimated the maneuverability of a company that large and just assumed the metaverse was inescapable commitment that was going to swallow the whole business.

i fear that it may keep rising anon...as much as I want to buy puts on it, I know i will get wrecked

>>57229296
I just had to google that to check thats its real. Wow. It is. That is actually impressive. Has it really been 3 years already? I remember everyone calling for the demise of the Zuck.

>>57229296
slurp team 5

I bought this heavily within one or two days of the actual bottom. About to sell it off I think. One of my better calls. I've made plenty of bad ones so not trying to act like that

About to sell all my meta and put it into Bitcoin etf tbqh

>fiat only goes down
>digital living only goes up, real world living only goes down
>loneliness only goes up

>>57229404
welcome to our new paradigm. dont forget to eat your bugs and take your SSRIS

>>57229416
Thank you Nosenbergstein, you are my greatest ally. I love resharing pro Israel memes on Facebook.

>>57229313
Anyone that's not a retard knows that, at this point, Facebook is a government surveillance branch, much the same as Google. They harvest data all over the world and supply it to the US Government. They are titans of social media. Tangentially, this is why X is taking so much flak from the current administration. Any major social media corporation needs to be subservient to the various three letter agencies or there will be Hell to pay

>>57229313
Facebook has turned into a boomer-milking platform. No one under the age of 35 uses it anymore, and its primary purpose is for West Africans, Russians and Chinks, to scan rich old white cunts out of their money. I'm all for META making more money, if it means even a single boomer gets scammed out of their retirement savings.

>>57229509
It always has been. It was literally facelog created by DARPA and then funded though the cia shell corporation.

>>57229939
so basically, it's too big to fail because its propped up by gov and DoD?

>>57229296
The higher the volatility, the more clown the market.

>>57229296
people putting money into a 401k and not even looking at it.

Also falsifying shares possibly. If you want to know more about how shit like this can happen just read this book.

I remember an anon here heavily shilling it at 110. Said it was free money until 170

>>57229296
It is scientifically proven that social media makes you feel sad, depressed, and lonely. People who feel this way are desperate to spend money, which makes them feel better. Meta's platforms are all designed around this. They have billions of users caught in this loop of self-induced depression and dopamine-seeking spending. It is a money printing machine.

PE/Ratio is 30.58. It's just inherently overvalued as for why it's just how tech stocks are currently.

>>57230486
>that social media makes you feel sad, depressed, and lonely. People who feel this way are desperate to spend money
You ever clicked on a 4chan ad?

>>57229595
I use it. Marketplace is amazing. Even got my car on there. Craigslist went downhill when they got rid of personals.

>>57229296
trust the zuck

>but crypto is too unstable to be taken as a serious investment

>>57230518
i heard FB marketplace is shit and full of scammers

>>57229296
Tech bubble of 2024, like 08

>>57229317
no the boomer managers of hedgefunds herded like lemmings and since one of their rules says "sell when company pivots to a different business model" they sold because facebook rebranded to meta and would transition to something not facebook

>>57230649
look at google amazon or apple
it's not a tech bubble
it's an ai bubble, a vr bubble
nvidia and meta are taking the lead
and it isnt even started yet

>>57229296
I own 90 stocks of meta. Normies will keep scroooooling their products so its a good stock to own. Zuck is also v good allocator of capital

>>57230403
Yea I bought it from 100-180 range. If they can monetize whatsapp, stocks like 30% undervalued still

>>57230661
Imagine if it's dotcom again. Gotta wait 8 years to break even, 13 years to be in profit, after buying the top now. Scariest thing

I bought the Meta Quest 2 to use for VR porn, wasn't very impressed.

I met a dude who used to work in finance but lived in south america bumming around from hostel to hostel. He said his main position was meta because midwits and schizos talk shit about it but it just makes more and more money every year. I mean for fucks sake it made 12B in profits last quarter up from 8b the previous quarter and 6b the quarter before that. But oh no, no one uses Facebook anymore and incels seethe at Instagram so bizlets thought it was dead 4ever

>>57229303
Fpbp

>>57230783
Instagram is fucking huge.
The issue was Meta just pissing money away, including like 30 billion on metaverse or something retarded right?! Like how is that even possible.
Since they've fired a fuckload of people and trimmed the sails it's a bit better. I refuse to own it at this point though, US interest rates are going to start skyrocketing soon because the government is retarded at spending.

>>57229296

The AI hype, why?

There's simply no alternatives to Facebook.

>>57230185
Correct. They need it spy on the world's citizens. It comes pre loaded on every phone now.

>>57229296
It's amazing what a stock can do when you announce youre going to fire all the roasties

>>57229296
They have unironically made huge strides in AI/image processing. I told you fucktards ages ago that META is coming back. They will continue to rise (after our recession this year).

>>57229509
And ticktock is surveillance for china, no to mention Thier electric cars that who knows what they sent back to homeland

bank term funding program funneling money

>>57231252
i just feel like im way too late this point. not that I would've bought at 100-200 anyways. always looks clearer in hindsight

>>57233335
it's not too late.

Jews always goes up.

Unironically buying in

>>57229313
Institutions and retails that use their platform for advert don't see it that way.
But I think soon the focus will start shifting to web3 projects like Hydro which makes it possible for publishers to monetize without ads