Meta Platforms: Yikes
- Meta Platforms reported a horrible quarter in the first quarterly report after changing its name from Facebook.
- The social media platform is now losing over $13 billion annually on the Reality Labs segment focused on the Metaverse.
- The stock isn't investable with the disconnect between revenue growth and soaring expenses leading to massive EPS cuts going forward.
- Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More »
Read the full article on Seeking Alpha.
Disclosure: No position. Please review the disclaimer page for more details.
The article is currently the top trending one on Seeking Alpha.