Meta Platforms: Trump's Truth Social Is A Big Problem

Feb. 10, 2022 1:41 AM ETMeta Platforms, Inc. (META)263 Comments
Investor Trip profile picture
Investor Trip
3.15K Followers

Summary

  • Meta Platforms crashed 26% after a weak earnings release and erased $250 billion in market cap overnight.
  • Meta CEO Mark Zuckerberg stressed the importance of focusing on video in the future due to the recent dominance of TikTok.
  • Donald Trump's Truth Social platform will launch by the end of March 2022 and provide an alternative platform for Facebook's core demographic.
  • Meta's bet on the Metaverse appears to have failed in the short run and I expect more downside for Meta Platforms shares moving forward.

Meta logo is shown on a device screen

Fritz Jorgensen/iStock Editorial via Getty Images

Meta Platforms (FB) had the worst performance in stock market history when FB shares lost over 25% of their value and erased over $250 billion in market cap within the blink of

Chart
Data by YCharts

Web 3.0 rise of metaverse

Grayscale

Facebook Daily Active USers

Meta Platforms

Most Downloaded Social Media Apps

Business of Apps

Meta Family App Growth

Meta Platforms

Chart
Data by YCharts

Truth Social Investor Presentation

Truth Social Investor Presentation (Truth Social)

Truth Social Investor Presentation

Truth Social Investor Presentation

Truth Social Projected Signups

Truth Social Investor Presentation

Meta Platforms Investor Presentation

Meta Platforms Investor Presentation

This article was written by

Investor Trip profile picture
3.15K Followers
Investor Trip is a global investment community that focuses on hypergrowth assets like growth stocks and cryptocurrency. Our investment strategy is to identify sectors with massive growth potential then pick the biggest & best companies that will become future winners. We discuss both US & international stocks as well as high performing assets such as Bitcoin. Follow us to receive notifications whenever a new article is published.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (263)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.