Meta from low 90's to $295 in 165 Trading Days (Patreon)

New article re META vs TWITTER was interesting

https://www.economist.com/business/2023/07/04/the-musk-zuckerberg-social-media-smackdown

Here is the summary and it made me decide to stay LONG on META a little Longer. 

TLDR:

1. Threads as a competitor: Meta's new app, Threads, presents a potential alternative to Twitter and may attract users who prefer a "sanely run" social network. Additionally, Threads leverages Meta's existing user data and advertising expertise, providing a competitive advantage in targeted advertising and complementing its portfolio of social media platforms.
2. Twitter employee layoffs: Approximately 80% of the nearly 8,000 employees inherited by Elon Musk during his tenure at Twitter have been laid off, indicating significant cost-cutting measures.
3. Paywall introduction: On July 1st, Twitter implemented a paywall that limits the visibility of tweets for non-paying users, potentially leading to further user attrition.
4. Declining ad revenue: Advertisers have left Twitter in large numbers, causing a projected 28% decrease in ad revenue compared to the previous year.
5. Meta's rising approval rating: Mark Zuckerberg's approval rating has quietly increased to its highest level in over three years, possibly due to controversies surrounding Twitter and concerns over Chinese-owned TikTok.

Note I am long META and got in This has been another crazy stock with one amazing chart. This was the trade alert - i still have the SL at a cost of $4 and that SL is now worth $200 per share a 50x.