My investing muse - should we still invest into Meta (09Feb2022)
$Meta Platforms, Inc.(FB)$ has suffered much losses recently after a weaker than expected guidance. Though the quarter's revenue fell short (estimated $29.57B versus actual of $29.01B), the EPS was better than expected (estimated $3.19 vs actual $3.22). Some notable concerns have been raised: Quarter's daily user is lesser than estimated, arriving at 1.929B versus estimate of 1.93B Reality Lab (which is researching and creating the various A/R, V/R hardware) conctinued to suffer losses since 2019. This is an important pivot for Meta and currently, there are no signs that Meta is in the lead in any metaverse domain as yet. Europe's privacy issues (extract from their SEC submission): The tech giant took issue with European privacy regulations that, it said, complicate its platforms’ functionality and ad products. Specifically, the rules prohibit cross-border transfers of user data, so Meta can’t process Europeans’ information i...