Breaking Down Facebook Earnings and Tesla’s Move into the Trillion Dollar Club
CNBC's "Fast Money"
00:00
Facebook Reality Labs
Jeff Yang: I don't know that the regulatory issues are going to be an acute problem for the stock at this point. And if you back out some of the spending on the metaverse, you're talking about a company that still has 60 plus % gross margins. So i also think that insulates them from from this sort of issue as well. It was a good set up in earnings. They delivered enough to get the benefit of the doubt and that's why the stocks reacting the way it is.
Play episode from 04:34
Transcript
