Meta's Stock Plunge + Market Volatility — With Josh Brown of Ritholtz Wealth Management
Big Technology Podcast
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Sandbagging and Market Reactions
This chapter explores 'sandbagging' in stock markets, focusing on how earnings estimates are set and manipulated by analysts. Through the case of Facebook, it illustrates how swift market reactions to earnings reports can drastically affect a company's perceived value and market capitalization. The discussion also delves into the challenges Meta faces in a competitive landscape, particularly against rivals like TikTok and Alphabet, while navigating investor sentiment amid significant changes in its business strategy.
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