Facebook 1Q22: TikTok-Ified
Positively addressed IDFA, spending, and monetization concerns. Facebook is massively undervalued. We think its worth at least $290, which is 50%...
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Snapchat 4Q21: A Quick TurnaroundâŚAnd Why Facebook Didnât Snapback
With Snapchat's LT thesis restored, we would buy the stock even up 50%. A return to its 5 yr P/S average of 14x would equate to $66 on 2023 revenues.
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Facebook 4Q21: Trending on TikTok âHow to Lose $200B in Market Capâ
TikTok's threat doesnât impact the wave of monetization opportunities related to commerce, messaging, and the metaverse. FB trading at the same...
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Weekly Innovation Review (WIRE) #55
Hertz (HTZZ) just made the largest EV purchase ever, acquiring 100k Teslas (TLSA) for a reported $4.2b - half of which will go...
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Paypal + Pinterest Initial Thoughts
We are more bullish on the deal logic than initial reaction from the market and sell-side and would buy Paypal on this pullback.
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