FB Buy zone around 170 After Fed Rate Hike

20 kwi 2022

I think everything is getting beaten down by the Fed, so we will probably see another drop out of FB once another hike is announced. FB seems weak because user attrition is due to no new ideas. Entry target around 170 with a target to fill the gap in 1-2 years. I think Marketplace and people who've been on for years are the only things keeping this thing afloat. It sure isn't streaming. Too many platforms for streaming, so that's going to cut up the pie and make it harder for FB to compete. This metaverse seems interesting, but the concept appears fractured and is far from complete immersion (5-10 years). I am not sure 3d modeling of businesses adds much value considering the type of businesses on FB in the near term. Perhaps clothing could benefit if the 3D avatar could hold the clothes or shoes, but I haven't seen any examples to show that this is where we are headed in the near term.