I’ve never liked Facebook stock — and these 4 warnings beyond Sheryl Sandberg’s departure are why you shouldn’t either – MarketWatch
Outside the Box
Meta’s stock price is down about 45% this year
I hate to say I told you so—although the truth is, I love it! Investing is a hard game, so when you’re right about something it feels good to stretch the legs and take a victory lap. Soon enough, experience has shown me, I’ll be back in the scullery eating humble pie.
In my year-end letter to clients several months ago, I said that I have never liked and would likely never invest their money in Facebook FB, +5.42% —oh, I’m sorry, “Meta.” With three billion users, it’s true that the owner of core “blue” Facebook, WhatsApp, and Instagram spans the globe, but it’s also facing rising competition from TikTok and other, younger networks.
Here’s the longer-term and more substantive point: Nobody uses Facebook because it’s awesome. People use it because everyone else is using it; unlike Google’s search network or Amazon’s delivery infrastructure, Facebook is not clearly the best in class. For this reason, core Facebook,…
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source: https://news.oneseocompany.com/2022/06/03/ive-never-liked-facebook-stock-and-these-4-warnings-beyond-sheryl-sandbergs-departure-are-why-you-shouldnt-either-marketwatch_2022060321044.html
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