
NASDAQ:META
FANG is dead. Names like Facebook have changed their names, anyway. Meta is a black box and not communicating. Have no idea how they're doing. Is Zuckerberg working on the metaverse, Reels or Instagram? Dunno. Good news is that shares have fallen to levels that are very cheap. If they spun off WhatsApp, the value proposition would be obvious. The only reason to own this for the break-up value.
High beta stock. Changed business plan. Spending $1B a month on the metaverse. Share buybacks, stock went up, but don't be fooled. Company today is not the one he bought, and that's a great reason to sell.