Pinkspider
03-27 15:17

$META is now trading below its 100-week moving average for the first time since 2022/2023 🚨 Historically, buying below this level has worked out pretty well 📈🤑

Meta Biggest Drop Ever: Capex Concerns Back, Enters Buy Zone Again?
Meta plunged 8% in its worst session since October 2023. First, a landmark ruling from a California jury on Wednesday found Meta and YouTube liable for "negligent platform design" leading to social media addiction in minors. Simultaneously, Meta confirmed it is expanding its El Paso, Texas data center project from a $1.5 billion initial plan to a staggering $10 billion megaproject. Aiming for 1 Gigawatt (1GW) of power capacity by 2028. Can Meta maintain its 30%+ operating margins if "Addiction Taxes" (legal settlements) become a recurring cost? Is it entering buy zone again?
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