Meta Platforms: Unplug From The Matrix

Nov. 06, 2022 8:00 AM ETMeta Platforms, Inc. (META)55 Comments
BeanKounter Capital profile picture
BeanKounter Capital


  • Meta's stock has had an awful year as shares are down more than 70% YTD.
  • Shares trade under 10x earnings if the projections are accurate.
  • The company is burning huge amounts of cash with Reality Labs as well as with their buyback program.
  • I'm a skeptic when it comes to the Metaverse and its potential over the next decade.
  • A bet on Meta is a bet on the success of Mark Zuckerberg and his vision for the Metaverse.

Empty white screen in the cinema with the code matrix

ArtEvent ET/iStock via Getty Images

Tech stocks continue to take a beating in 2022, and few stocks display that fact better than Meta Platforms (NASDAQ:META). Most of the market outside the energy sector has struggled mightily this year, and

Meta P/E

Price/Earnings (

Meta Shares Outstanding

Shares Outstanding (

This article was written by

BeanKounter Capital profile picture
CPA and former Big 4 auditor. I break down investments in qualitative and quantitative terms, and I look for investments that will compound my money over the long term.

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.

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