Is Meta $META+5.9% on sale? 😄
Admittedly a minor drop, but it comes after an interesting report. Meta has been fined a record $1.3 billion by the European Union for sending user data to the US. The fine comes after regulators said Meta failed to protect personal information from US security services.
Meta
METACapital Structure
Market Cap
1.4T
Enterpr. Val.
1.4T
Valuation
P/E
31.1
P/S
9.6
I'd like to buy the Meta already, but unfortunately it's still not at that price. And this information hasn't moved the stock price much either.
I've stopped liking Meta since it's been pumping money into Metaverse and there are no results really. After the huge increase since the beginning of the year, I would expect some cooling off now.
Let's see how we shop today.
Really not much of a drop, I would have expected a bit more.