META

Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

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Meta is desperate to fight Apple's privacy changes

Meta is desperate to fight Apple’s privacy changes

Meta (META) is having a difficult year. The company’s stock price is down 57% year-to-date, torpedoing CEO Mark Zuckerberg’s personal wealth to the tune of $72 billion, according to the Bloomberg Billionaire Index. As the macroeconomic climate hammers the entire tech industry, Meta and other tech companies dependent on ad revenue are facing a unique …

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Facebook users sue Meta for bypassing Apple security to spy on millions

Facebook users sue Meta for bypassing Apple security to spy on millions

After Apple updated its privacy policies in 2021 to make it easy for iOS users to opt out of any tracking by third-party apps, so many people opted out that the Electronic Frontier Foundation reported that Meta had lost $10 billion in revenue over the next year. Meta’s business model depends on selling user data …

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"The Party's Over": How Meta and Google are using recession fears to clean house

“The Party’s Over”: How Meta and Google are using recession fears to clean house

For nearly two decades, top tech companies like Google and Facebook (now Meta) were known for their quick hires, luxurious perks, and corporate cultures of abundance. But now, as rising inflation, the war in Ukraine, and other macro factors have caused marketers to cut advertising budgets, Big Tech’s work culture is changing. Over the past …

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The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

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Big Tech is always expensive.  Why it matters to the market.

Big Tech is always expensive. Why it matters to the market.

Text size Nvidia shares are trading at an average forward earnings multiple of around 38 times. Justin Sullivan/Getty Images Big Tech stocks are still expensive, despite all the market downturns this year. And that’s the key for the S&P 500. Now the giants— Apple (symbol: AAPL) and Alphabet (GOOGL) are two examples: they did not …

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