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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