Meta Misses, Shopify Stabilizes
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 27 October 2022
⏱️ 28 minutes
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| 0:00.0 | We've got e-commerce, entertainment, and a consumer good stock you've probably never heard |
| 0:09.6 | of. |
| 0:10.6 | Motley Fool Money starts now. |
| 0:11.6 | I'm Chris sale joining me today. |
| 0:22.2 | It's the Chief Investment Officer Andy Cross. |
| 0:24.8 | Thanks for being here. |
| 0:25.8 | Of course Chris, happy to be here. |
| 0:27.4 | Thanks for having me. |
| 0:28.4 | We're going to dig into this more on Friday's show, but I did want to get your thoughts |
| 0:32.8 | on meta platforms because that company continues to invest heavily in building out the metaverse. |
| 0:40.9 | Those investments absolutely affected their third quarter results and shares of meta are |
| 0:44.9 | down more than 20% today. |
| 0:47.2 | Yeah, and Chris, if you think about the investments that they're making, this has been an ongoing |
| 0:52.0 | story. |
| 0:53.0 | Talking about right sizing, their employee base, but I was just looking through some of |
| 0:59.4 | the data and you guys will talk a lot about this on Friday, but with the actual results, |
| 1:04.4 | I mean, the operating margin down to 20% from 36% a year ago, that's the lowest that I |
| 1:10.4 | can remember. |
| 1:11.4 | They're operating margin being for at least for years. |
| 1:16.1 | Costs and expenses up 19%. |
| 1:18.3 | What really caught my eye, Chris, is the research and development expenses was this quarter |
| 1:25.7 | came in at 33% of revenues. |
... |
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