#META alert! No more #FB stock ticker‼️
Do not be surprised like me 😅 if your #FB chart does not appear and displays an error message on Tradingview, other brokers or any news site.
That's because Zuck is changing his old #FB ticker to a new #META ticker today, even more than 6 months during Facebook's transition to Meta Platforms that has been rocky, including the 40% drop in FB stock.
Concerns about slowing user growth, advertiser skittishness as the economy cools and emerging competition from TikTok have hurt Meta Platforms and other social media stocks, such as Snapchat (SNAP), Pinterest (PINS) and Twitter (TWTR).
Do not be surprised like me 😅 if your #FB chart does not appear and displays an error message on Tradingview, other brokers or any news site.
That's because Zuck is changing his old #FB ticker to a new #META ticker today, even more than 6 months during Facebook's transition to Meta Platforms that has been rocky, including the 40% drop in FB stock.
Concerns about slowing user growth, advertiser skittishness as the economy cools and emerging competition from TikTok have hurt Meta Platforms and other social media stocks, such as Snapchat (SNAP), Pinterest (PINS) and Twitter (TWTR).
⚡️GAFAM
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)
🛑 #Meta Q3 Results 2022: #Facebook share price crashed on weak quarterly earnings
🚩13 consecutive monthly red candle bringing stock price back in 2015!
▫️Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.
▫️The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.
▫️The stock plunged in extended trading after already losing two-thirds of its value so far this year,
🚩13 consecutive monthly red candle bringing stock price back in 2015!
▫️Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.
▫️The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.
▫️The stock plunged in extended trading after already losing two-thirds of its value so far this year,
✅ #NASDAQ100 There are 7 companies out of 100 weigh for over 50% of the total market cap.
👉 Performance since Jan-2023:
#Meta ⏩ +70%
#Tesla ⏩ +45%
#Apple ⏩ +28%
#Microsoft & #Google ⏩ +18%
#Amazon ⏩ +15%
👉 Performance since Jan-2023:
#Meta ⏩ +70%
#Tesla ⏩ +45%
#Apple ⏩ +28%
#Microsoft & #Google ⏩ +18%
#Amazon ⏩ +15%