[23david]

This risk of losing business in the EU due to regulations around data is also acknowledged by google in their recent filing.. this isn’t specific to Meta despite all the articles that have popped up about it… https://twitter.com/SMalikjo/status/1490938883760033792?s=20...

Their Q4 earnings had some conservative projections and higher expenses due to investments in building out their VR teams, and this was enough of a catalyst that the short sellers were able to create a panic.

Fine to hate the company and management, and their politics, but following the money, this seems to be a wildly successful effort to manipulate sentiment and cause retail investors to panic and benefit short sellers in the market. There’s huge money to be made by hedge funds in shorting Meta on the way down, and then buying it again on the way up.

Or maybe they’re really going down to $0 … which is more likely?