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A comment on Meta lays off 11,000 people. Parent comment

Re:Meta lays off 11,000 people by phonebucket on Wednesday November 09, 2022 @03:12PM (#33537190)
> equity is significantly overvalued relative to fundamentals

Which fundamentals?

The $117.9 billion in revenue and $39.4 billion of net profit in 2021 [1]?

The price to earnings ratio of 9.22, which is far lower than the NASDAQ average of around 28.0 [2]?

[1] https://www.statista.com/statistics/277229/facebooks-annual-... [2] https://ycharts.com/companies/NDAQ/pe_ratio

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Re:Meta lays off 11,000 people by adam_arthur on Wednesday November 09, 2022 @04:26PM (#33538092)
Those stats are for now, not then. Good try though

And they are vaporizing all of their FCF by reinvesting into the metaverse. Or were until the stock continued to collapse.

It’s fair value here if you assume the metaverse is actually something they can monetize in a big way. Too far off for most investors

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