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Mega Problems with META Data

Meta Platforms (META) parent company of Facebook and Instagram is today’s FOMO stock. Alex Coffey and Jenny Horne break down META’s Q3 earnings misses and the subsequent drag that’s having on social media stocks. Jenny and Alex also discuss META’s new future focus which is on its version of virtual reality (the metaverse) and artificial intelligence changes to its social networks. Investors don’t seem to be buying it though. Shares plunged as much as 25% Thursday morning. Finally, Alex demonstrates an example trade using shares of META.

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