Meta Platforms Inc (FB) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss how the Meta earnings report dragged down other social media companies such as Twitter (TWTR) Pinterest (PINS) and Snap (SNAP). They discuss the confusion between Facebook and Meta Platforms Inc. They look at Meta’s revenue and growth drop, its 4th quarter miss and analysts’ bleak assessments of Facebook’s future. They also talk about how this could be the biggest one day drop in market history. Finally, they demonstrate an example trade using Facebook owner Meta Platforms (FB).
07 Feb 2022