Let’s face it though: $META, a company with less than 5 times the market cap of $AAPL, just showcased more interesting technology in the last 10 minutes of Meta Connect than Apple did in it’s entire event
The fact that 90% of FinTwit believe $META has “bet the farm” on VR/metaverse and will be screwed financially if it fails tells me most investors don’t read earnings reports and just look at news headlines.
“Value investors” who didn’t buy $META at $80: you might want to seriously question your methodology.
You had a fat pitch mega cap in plain sight.
If you didn’t pull the trigger, you should sit down and ask yourself why you missed it.
If you’d owned $DIS stock for the last 7 YEARS you made no money.
That’s since before the launch of Disney+, Avengers:Endgame and the new Star Wars trilogy. All of which were incredibly successful and made billions of dollars.
Investing is hard.
Li Lu sold $META before the huge recent bull-run and held crap like $MU instead along with his buddy Mohnish (which he's now selling because he knows it's a dud).
Stop coat-tailing and hero worshipping these guys. They have short track records and people follow them blindly.
Game over $META haters. Up 180% in 2023.
Well done on missing the opportunity of a lifetime because you couldn’t see past your misguided prejudices and herd mentality.
Thanks for playing and go fuck yourself. 🙌
Seriously though, Cathie Wood has full-time researchers/futurologists working around the clock on 7-figure salaries to find her innovative companies, and even a dope like me knew it was a no-brainer to buy lots of $META at $90.
She waited 7 months longer and bought it at $270.
$GOOGL spunked billions on self-driving. What profit has it yielded for investors?
$META spends billions on metaverse, sells 15 million+ Quest 2 headsets since 2020 and still growing, but Zuck is "burning investor capital".
Watching your biggest position casually spike 14% after earnings when it’s already $1trn market cap.
Happy Thursday and go fuck yourself.
Let’s goooooooooo! 🚀🚀
$AMZN is still not loved enough by FinTwit and I'll never understand why.
Everyone on this platform creams their jeans over $GOOGL instead of the company that is still furiously growing, awash in incoming free cash flow, and set to be the biggest company in the world.
I love VR but find the VR community a god awful bunch of negative whiners who constantly piss in their own tent and expect VR to be 100% perfect or else they have a hissy fit and claim the industry is dead at least 5 times a year.
Not sure where this leaves me.
Holy crap. $400.
And what's crazy is people still aren't euphorically talking about it on FinTwit yet (after a 300%+ rise!). Always a good sign.
Happy Monday and Go. Fuck. Yourself.
$META
There are permabears who have been waiting 12 years for "generational buying opportunities" in the market and yet froze and did nothing when $META was at $90.
This is why having a bearish/bullish bias is fucking stupid.
$META hits another all time high.
When you own a company this good you do what Charlie Munger said and just sit on your ass. The big money is made in the waiting.
Happy Thursday and go fuck yourself. 🥳🥳
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
$TSLA is not $META in 2022
I heard the "kids love it" argument for $SNAP, TikTok, and now Roblox.
$META has thrived in spite of every single one.
Let me explain: Kids are a HUGELY overrated market. They grow up and change platforms. What's your thesis, that a 30 year old is gonna play $RBLX in 2045?? Lol
If you enjoyed my $META deep dive, when everyone was saying that $META was doomed and I said it was gearing up for an excellent future, you will then really enjoy my $RBLX deep dive.
It’s $META ‘s biggest threat, because it’s becoming the preferred way to socialize for kids.
$BABA has reached a crucial stage I look for when trying to find good investment ideas: when it’s not even mocked anymore, but simply ignored.
That’s a good sign.
I remember last year when this guy and the All-In podcast spent an entire episode making fun of $META when the stock price crashed to $90.
Would have been the perfect time to back up the truck and buy.
If you listen to these clowns’ predictions you’re screwed.
Whatever happens to Zuck, $META, and the company as a whole: I predict Quest 2 will be looked at as a landmark product in the history of technology.
The birth of VR as a mainstream consumer product.
Remember when you were shorting $META at $100 because you're a short-sighted moron who thought one of the biggest mega caps with one of the best moats was suddenly going to crumble into dust for no reason?
I do.
Peter Thiel said something smart about Uber/AirBnB.
Rich people overrate Uber, cause they think everyone takes cabs every day.
Rich people underrate AirBnB, cause they only use hotels and don't get why people want an alternative.
FinTwit is mostly rich people.
$UBER $ABNB
Cathie wood believes in disruptive innovation but won’t buy a single share of $META, the company pouring billions into XR and AI.
But she WILL buy Zoom and Roblox. 😅👌
@pearlythingz
Both arguments she makes are terrible:
1. “5% of women wanted the vote” - well how many want it now? Because I bet it’s >90% easily.
2. “Men do the hard jobs” - what about the men who don’t? Should they not have the vote? What about women who are CEO’s? Is that an easy job?
For some reason $META bears are so emotionally caught up in the “VR will fail!” narrative.
Why are they so angry and insistent about it?
$META bulls are just like: “the Quest headsets are a cool product. Hope they succeed. Also, FB/Insta are cash machines”. End of thesis.
I think we’re severely under appreciating the fact that less than a week ago the metaverse was “dead”.
Now everyone is talking about which VR/AR headset is better and how they will use it.
How is that not a win for Zuck?
$META
Surely $META is going to be buying back shares like crazy at these prices right?
If not, that’s very concerning.
Will be a huge point to look for on earnings call next week.
BeReal's weekly US downloads (down ~95% from their 2022 peak) show how difficult it is to keep up a consumer app's growth once you have crossed the chasm
An amazing product, team, some great investors, but this shit is hard
I have a contrarian take on $META and VR/AR.
Unknowingly, Zuck may have stumbled into a win-win scenario.
If metaverse adoption takes off, the stock price moons and they win HUGE.
If the metaverse fails and they ditch it, the stock price moons due to the massive cost cuts.
3 key bear theses on $META have been killed this year so far:
- TikTok will destroy Instagram = ❌
- No-one uses FB anymore = ❌
- Zuck is out of control/doesn’t care = ❌
The only big bear thesis left is metaverse/VR failure.
But even if it fails, FOA survives anyway. ✅
Microsoft know the hardware game is over for them in VR which is why they made a huge deal to license all their software for $META platforms last year.
They’ve basically admitted Meta won here.
The demise of FAANG is greatly exaggerated.
These companies are basically like the new Coca-Cola. There’s no world in the next 5 years where consumers don’t want and pay for them in their daily lives.
$AAPL $META $AMZN $GOOGL
Good list, but I still think it's weird people don't consider $META a wide moat business yet.
You really think something can easily come and dislodge FB/Insta/Whatsapp and steal 3bn+ users??
FB has now been around for 10+ years and is *still* growing MAUs!
Oh fucking hell Cathie Wood bought $META.
Didn't she sell it like a year ago when it was way down??
Please don't let this maniac near any of my stocks. 😱
@FromKulak
If you think Brazil is a “masterpiece” you have some bad taste in movies.
The film has quality moments but it visually is ugly as sin, looks cheap, has many boring scenes, De Niro is awful, the dream sequences are overlong and indulgent.
We did it. We actually did it you crazy maniacs.
$META closed at $500 today.
So for those of you who asked what’s coming, here it is…
Happy Friday and go fuck yourself! 😉🍾🍾
@JedKingly
Letterboxd - where 19 year old film students with bland uniform tastes all tell you that Oppenheimer is the best movie ever made.
Brother, it wasn’t even the best movie that year.
I have no idea where the stock price goes in 6-12 months, but I’ve never felt more confident about $META and $AMZN ’s bright future than I have after the last few months.
Are they obvious stocks? Yes.
Are they wonderful companies with powerful moats? Yes.
Easy decision. ✅
Today Zuck showed that he actually gives a shit about not transforming his life’s work into a cash burning incinerator for the next decade.
I approve. $META
$META earnings are out:
-Family DAU 3.02B up 5% YoY
- Family MAU 3.81B up 5% YoY
- Revenue $28.65B up 3% YoY
- Ad impressions up 26% YoY, Ad price down 17% YoY
Guidance for Q2 $29.5B-$32B
Strong earnings! Long.
This guy has 70k followers and thinks that Twitter is a serious threat to $META. 🙄
Apparently being popular doesn’t mean you’re a good analyst.
On the plus side, if people like this are still making dumb arguments, it means there’s still opportunity.
I'm surprised that Meta isn't in a total insane lockdown (if anyone remembers what that is) state of emergency, given that their social business is under threat from Twitter, Metaverse is under threat from Apple, and AI is under threat from OpenAI and everyone else.
This $GOOGL earnings call is so uninspiring. This is what a company run by the managerial class with no vision looks like.
It’s basically Coca-Cola at this point. No shame in that, it will keep spitting off cash, but the idea this is an innovative tech company is a joke.
@SupBagholder
has been 100% right on his $META takes over the last year - was laughed at, doubted, and made big gains betting on them at their lowest.
Yet still today he’s mocked for his take on Meta’s headsets. By the same idiots who said “Meta is dead bcos TikTok!”
Wild.
$META is the most exciting tech company in the world right now.
- They’re pioneering in VR/AR and showcase exciting stuff every year
- They are doing leading work in AI and open-sourcing it to the world
- They are still innovating in social media better than anyone else
The idea that Chat-GPT poses any immediate threat to $GOOGL is beyond ridiculous.
99% of normal people have no idea what the fuck it is and don’t understand what they would need it for.
Also, it doesn’t replace what Google search does anyway.
Think logically guys.
Oof…this tweet is from 2020. 😂😂
This guy also said cash would be the best position for 2023. And then went on his podcast on Jan 2024 to declare that he was right! In a year when the S&P rose 24%!! 🤡🤡
If you take the All-In podcast seriously you deserve to lose money.
@borrowed_ideas
Say what you want about Zuck's spending, but $META may be the only social media company in existence that actually understands how to turn all that engagement into huge profits.