Meta has not been a thrilling stock for a while. Just over a year ago, it was nearly $400. After some mild numbers reflecting nearly flat year over year, the stocks dropped even further than the previous 2/3rd’s drop in the past year. Now sitting at just under $100 a share, it’s clear that Meta is facing some serious pressures to stay alive. Even amongst the people that I communicate with these days, have said that Facebook just doesn’t hold the same allure or attention that it used to. Not helping, the division that handles the VR headsets, has lost $9 Billion in the first three quarters. Perhaps 3D VR goggles aren’t as successful as they thought they’d be….
Facebook parent Meta reported earnings after the bell. Here are the results.