Meta Platforms (Facebook)
FB: "Planning to Slow the Pace of Our Investments" In the Metaverse.
Equity Bottom-Up
175 Views, 09 May 2022 10:04
EXECUTIVE SUMMARY
- Meta Platforms surprised investors in Q1 but not because the quarter was outstanding. Rather, it wasn’t as bad as some had assumed.
- In an unusual turn of events, Zuckerberg’s earnings call appearance resulted in whispering sweet nothings into investors’ ears
- However great that might be, the quarter provided no conclusive update on the loss of signal from Apple’s iOS updates, with management offering on-platform messaging/commerce as a potential sidestep
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