IS FACEBOOK OVERVALUED?

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere.

Meta is a rock. It is one of the most profitable company in the world. It had a monopol power on social media platforms but now they have fierce competitions such as Tiktok and newly acquired Twitter.
They are aware of their limitation with growth from social media apps and they are investing in new areas. They change their name according to their new policies. But it is not certain if their new ventures will be as profitable as their old ones. Therefore they might lose some more value.

Right now price is %45 below of all time high.

Resistance areas
210
220
230

While support is
201
195

Thanks.
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