Saturday, June 15, 2024

Facebook keeps crashing, time to buy?

facebook_oct_2022.jpg

Meta's (Facebook) market value has plummeted by $520 billion in the past year and is on the verge of being eliminated from the top 20 US companies. It is trading at a 50% discount to the Nasdaq 100, its lowest price ever.
This company has been artificially inflated over the past few years. The decline in the price of Meta (Facebook) shares will continue for at least another six months.

Now is not the time to buy, we are still far from the bottom.

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