I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.

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Good Thursday morning. Welcome to Tech Check. I'm Carl Kintania with Deird Robosa and John Fort.

Today, Apple lending out its own money for its buy now pay later feature.

The analyst who sent Intel shares down yesterday with a warning on guidance. And then later,

some gaming news from Microsoft that could spell the end of consoles, John. We'll see. We're

going to start, though, with meta, not Facebook now, but meta. The ticker change going into

effect today. But what is this company? Sheryl Sandberg built its most profitable business.

Now she's leaving. Metaverse facing stocks have done absolutely nothing year to date, including

meta. It's down 42%. A one trillion dollar stock now just half that, but the street still loves it.

Medium price target about 100 bucks above where it trades today. But is it a buy for you or are Facebook's

best days behind it? Dom Chu starts us off with that valuation question. Dom.

All right, so we're going to try to frame it up for you and the viewers out there and listeners

on Sirius XM radio. What we have right now is meta, and you mentioned that 40-some percent

drop on a year-to-date basis. It's even more dramatic

if you look at the highs, the record highs that we've seen over the last year to where we are now.

In that span from the highs, we're now down roughly 50 percent. So a half has been shaved off

this stock. And as you point out, again, at the market cap peak, $1.1 trillion with a T,

we're closer to around $530 billion with a B right now to just give you an idea of that overall

dollar value in terms of that valuation discussion. Now, if you want to get away from the

dollar side of things, more into the relative

valuation, that's where things get a little bit more interesting for why that debate about

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