Meta Reports Fourth Quarter and Full Year 2022 Results
Up 17% in AH, on top of huge gains over the past 2 months. Nuts. It looks like it really wants to get back to $300+ It shows how all this talk about metaverse losses was overblown. This is why my best piece of financial advice is to tune out the media. By the time something is a narrative, it's too late. If the media is talking about how Facebook peaked or is the next myspace, this is time to buy. Same for Netflix.Metaverse notwithstanding, Facebook and Instagram are still huge cash cows. Ad CPCs are really high, especially mobile ads. Companies, especially in financial services and healthcare, paying so much $ for clicks to target older people, retirees, etc. and also people with medical problems. Obesity epidemic means more healthcare spending, same for people living longer.