What I Am Buying Today.

[vbin]

(02-07-2022, 12:48 PM)crimsonghost747 Wrote:

(02-07-2022, 12:04 PM)bankerboy Wrote:

(02-04-2022, 12:10 AM)vbin Wrote: Sold out MO today.

Looking at fb and pypl. Hope we see another 20-30% drop in both.

This might happen if they exit Europe. Bloomberg has a nice article today about renewed warnings from Meta given the EU courts say data isn’t safe once it gets to the US.

Meta will not be leaving the EU. They aren't going to abandon a huge market like that. It's all just talk and threats, they are probably trying to get the EU to grant them some special privileges based on the fact that they are a big company. There have been a few similar cases with other large corporations, and I cannot remember a single time that the company went through with their threats. 

Regulatory compliance is a cost of doing business. These big companies know this, but of course they try their best to fight against it. It's usually a pretty futile fight.

I agree on the EU. But meta is in downtrend and might go further down + markets are acting up.The user growth is slowing down but that's a narrow way to look at meta. We all know less people spend time on FB but the usage did not matter as much, as long as you had meta products installed, running, being used once in a while, they could track and target, that's changing now. Meta isn't just about serving adds on FB. I don't think that's what scared the markets so much.

Meta is one of the 2 largest ads exchanges on the market. First one is google. Aaple is screwing up meta royally. There's bunch of context behind what's happening but in short Aaple cutting down competition to grow its own ads exchange and meta can't do anything about it. Google can do the same thing to meta and meta won't be able to do anything(Google have upto certain extent but not in the way that those changes will hurt meta as much as apple). It's not about serving ads only on FB. It's about serving ads to every other app, website etc though meta ads exchange. They have been asked these questions before(impact due to apple privacy and cookie settings change), they been avoiding accepting the impact but this earnings their CFO kind of accepted it.

Metaverse is their bet to find the next business value. I am sure in long term they figure it out( lots of really smart people in meta). But in short term this might continue the downtrend.