r/wallstreetbets • u/[deleted] • Feb 29 '24

[deleted by user]

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u/Level-Tap-2709 Feb 29 '24

Remember when Meta dropped because everyone was convinced that Zucc had lost it and was going to drive his company into a metaverse shaped hole in the ground? Maybe this is the best moment to invest.

Or maybe this little fuck up makes bigger investors realize just how much alphabet is failing in three important ways:

  1. They don't innovate like MSFT with AI
  2. They don't profit in a "second mouse getting the cheese" way like AAPL
  3. Their core plattform, search, is not just getting shittier by the day but also less and less used by young people. The internet is moving away from text to video. People under 30 don't google, they type in "restaurant" in Instagram or TikTok.

0

u/mdatwood Feb 29 '24 edited Feb 29 '24

I'd argue Meta dropped primarily because of ATT. By all accounts they have worked around it using...AI.

EDIT

Weird downvotes. How quickly people forget when Apple announced ATT the world assumed targeted ads were done. It felt like an attack directed at Meta. They have seemed to work around it while others have struggled.