The sell-off and its causes at the Metawörse
For everyone who is thinking about opening a position on $META this article might be interesting for you.
https://aswathdamodaran.blogspot.com/2022/11/meta-lesson-1-corporate-governance.html
Aswath Damodaran, who wrote this article, is a finance professor who has a lot of content regarding company valuations on Youtube. So if you prefer to watch this as a video you are well served with this: https://www.youtube.com/watch?v=ouxmdkMWWmI&ab_channel=AswathDamodaran
Among other things, it is about different levels of maturity of companies or in which Meta is and how interests between the shareholders and Mark Zuckerberg have separated strongly in recent times. Of course, this has shown itself as a capitulation in the share price.
I personally consider $U
$NVDA
$AMD
$TTWO
$MSFT
$700
$AAPL to name a few as better bets on the Metaverse. If $SNAP continues to lose ground here could end up being a strategic takeover candidate due to AR developments. There are so many ways you could profit from this, but whether that's possible with $META is possible, I highly doubt it. Even if the hardware is really good, Zuckerberg's infatuated vision is not.
If the employees don't like the Metaverse, why should the customers? https://www.forbes.com/sites/paultassi/2022/10/07/report-even-metas-employees-dont-want-to-go-its-own-metaverse/?sh=1244863b6fcf
#meta
#valuation
#metaverse