Meta Platforms (META) is in hot water as it was fined $414 million after its targeted ad practices were ruled illegal under EU law. Alex Coffey and Jenny Horne discuss what this means for META. They compare META to Pinterest (PINS) and Snap Inc. (SNAP). They also talk about how META received a buy rating and $145 price target from New Street. Alex then demonstrates an example trade using META. The trade type is a buy call condor and the direction is bullish. Tune in to find out more about the stock market today.
04 Jan 2023