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Trappin Tuesday's

Meta Is Down | Trappin Tuesday's (Wallstreet Trapper)

Trappin Tuesday's

Wallstreet Looks Like Us Now Network

Business, Wallstreet Trapper, Investing, Entrepreneurship

4.92K Ratings

🗓️ 4 November 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

What are your thoughts on Facebook & Meta? Do you think it's over for Mark Zuckerburg and the empire that he's built or will he rebound? We get into today. From the streets to the stock market. Every Tuesday we bring financial empowerment to those who feel like they don't have the power. We are Trailblazing our way to Wealth. Ride with me. History in the Making!! This is the First of Many Shows so Make sure you're Locked in. Wallstreet Looks Like U...

Transcript

Click on a timestamp to play from that location

0:00.0

Let's talk about Facebook right quick. So last week we saw Big Tech. We saw Alphabet, we saw Microsoft Report, and we saw those stocks sink.

0:25.0

We saw them miss and have mixed earnings. We saw them sink.

0:30.0

J.P. Morgan said Amazon is the best tech stock to be in right now.

0:37.0

I'm mad at that. I think they're banking heavy on AWS and the fact that Amazon is the largest e-commerce build. We saw what

0:48.1

Apple did. Apple cutting supply. They make an adjustment. But Facebook is a peculiar company.

0:55.0

It's actually now at the levels at which I purchased it at.

1:01.0

And here's what happens. We saw the stock plummet 14% after week Q3 earnings

1:09.8

Q4 forecast. They miss earnings, they miss revenue. Now here's what I think about

1:15.9

Facebook. When it comes to having a balance sheet, there isn't a company that has a stronger balance sheet than them.

1:26.0

They're in there with the big dogs.

1:31.0

When it comes to having a product and service,

1:34.0

yep, Tim Cook has altered the way that this company makes money.

1:39.0

Tim Cook is definitely playing chess and when you think about app on Facebook I've always talked about this.

1:45.0

That chess game is a beautiful chess game that I love watching.

1:51.0

Mark has had to adjust, but I think in some of his moments he's a little big-headed.

2:00.0

He's the founder of an amazing business. His business changed the dynamics of how we do everything.

2:09.0

But he's also the sole controller.

2:12.8

So he owns majority stake in the business.

2:15.1

He sits on the board.

2:16.0

He makes the final decisions.

2:17.8

I think in this moment, I could be wrong.

2:21.0

I've never ran a billion dollar company before, but I can see where a man's

...

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