market is acting like a 30 cent miss on earnings will make facebook the new myspace. now we are pre covid levels. Pre covid I do think facebook was in a better position as censorship, cancel culture, banning, these issues were not at the forefront of facebook discussion. You could say that pre covid facebook was peak facebook.
Ok I can get behind that, and that is why I see the price drop all the way back to the levels it's like facebook now has a second life. I picked up some swing calls for April expiry, in meantime we could definitely dip further, but with a broader market rally facebook will not be forgotten.
Facebook still has headway internationally/multilingual, for start up advertising, and they offer very solidified group content that other platforms are not even close to. Verified users is not popular with everyone, but it is a niche that some prefer.
Ok I can get behind that, and that is why I see the price drop all the way back to the levels it's like facebook now has a second life. I picked up some swing calls for April expiry, in meantime we could definitely dip further, but with a broader market rally facebook will not be forgotten.
Facebook still has headway internationally/multilingual, for start up advertising, and they offer very solidified group content that other platforms are not even close to. Verified users is not popular with everyone, but it is a niche that some prefer.