Last year in november, this was worth $90, now its $430 (was $490 before ER)<p>wth happened? what do people believe that Meta is doing that made it jump 5x and now seems to say its only wroth 4x where it was at its yearly lows?
Truth Social, meanwhile, gained 10% today, now worth $5 billion on the revenues of a local taco chain and the net losses of a foundering 19th-century industrial empire. So we can stop pretending that stock prices mean things.
All because they are not going to be making as much $5B in quarterly revenue. That's about 20B/year. Or 60b in 3 years. Or a 2x PE ratio. Didn't go down as much as I would expect.