Tag: Mark Zuckerberg

  • Meta Platforms Could Open Below $100

    Meta Platforms Could Open Below $100

    Meta Platforms (META) can’t catch a break. In after-hours, the stock is down about 20% or $25.52 a share on poor earnings. EPS came in at $1.64, as compared to expectations for $1.89. Revenue came in at $27.71 billion, as compared to estimates of $27.38 billion. The company also forecast Q4 revenue of $30 billion…

  • Why Investors May Want to Avoid Meta Platforms

    Why Investors May Want to Avoid Meta Platforms

    Meta Platforms (META) is diving in afterhours. All after missing on its top and bottom lines, with a poor outlook. EPS came in at $2.46, as compared to expectations for $2.59.  Revenue of $28.82 billion was below estimate for $28.94 billion.  Daily active users did increase to 1.97 billion, as compared to expectations for 1.96…

  • Use Weakness in Facebook as a Long-Term Opportunity

    Use Weakness in Facebook as a Long-Term Opportunity

    Facebook (FB) has become severely oversold. A day after outages went the social media stock down more than $12 a share, it’s bouncing back at double bottom support.  RSI, MACD, and Williams’ %R are all wildly oversold, as well. From a current price of $333, we’d like to see an initial bearish gap refill around…