Is Meta $META 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.

The first Tiktok ban in the US.

Montana yesterday became the first US state to ban Tiktok. The whole thing is likely to have a court case that will quite possibly decide the future course of action.

This could be the catalyst for a US-wide ban on Tiktok, which would strongly benefit $META.

Like gentlemen and ladies. Growths from the beginning of 2023... 🤑 Do you have any? 🥂

NVIDIA $NVDA: +101%, Facebook $META: +98%, AMD $AMD: +57%, Tesla $TSLA: +37%, Amazon $AMZN: +35%, Google $GOOGL: +35%, Apple $AAPL: +33%, Microsoft $MSFT: +31%, Nasdaq 100 $QQ: +23%, S&P 500 $SPY: +8%.

Absolutely nothing against Meta Platforms $META, but I don't really understand how Loop Capital analysts can now give a $320 target. Also, is anyone here too bullish and can give me reasons for this? 🤨

Something tells me that $META will achieve a huge appreciation 🤷🤯

Immediately after the market opened I closed my position on $META

It was a buy from last night - a strangle (option strategy - you buy one call and one put). To make a profit on this trade, there has to be a really significant move in the stock.

Given that Meta stock opened at a plus 14% after the beat, that was enough to give my position a 300% appreciation.

That's nice. And we're not stopping. $META 🟢

📢Today, $META will report its results after the close of the markets. According to analysts, the company is struggling with weak demand for advertising, which has caused the company's revenues to stagnate. Analysts here are expecting revenues of $27.7 billion, which will mean continued stagnation.

So what's your take on this company? Do you think all the growth has been...
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