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Where is MWM?
Good to hear from you again Zardiw. I tried your scanner roughly 15 years ago and was food. What updates have been made since?
Also what stocks are selected and what criteria? Have criteria changed?
Thanks in advance
db
Reverse stock split
Sorry for the dilution news
Thoughts on PBLA please?
Did a quick 100% flip on this Monday…want to find out I about are more about fundamentals and if the management are serial dilution and RS offenders… thoughts on price running to $25?
Elon musk handing over the CEO reigns at TWTR
I bought 1 min before the close feeling that a revenue beat was most likely in light of the job cuts and got cheap 118 calls. Right after the close they went immediately in the money as AMZN zoomed to 121. I wake up the morning and wondering what happened? Jeeez.
Per beZinga news squawk
JB per BEZINGA TWLO is likely to attract Insurgent investors..unsure if that good or bad
$80 calls in particular
Thanks JB. Post ER after hours spiked Zoom to $80, but did not gap and go, and in fact did the opposite.
I am keeping an eye for possible cheap ZOOM calls Thursday before close into Friday open.
$90 OTM calls @.59 cents
Thoughts on Zoom media? I think it will zoom after ER
You actually bought OTM calls last week and sold for a loss after because YOU BOUGHT THEM TOO EARLY.
No you did not
Hoping for strong ER tonight.
Wow.. double down from last weeks purchase.
Congratulations on the progress…more coming but patience is needed as the PPS will lost likely trade sideways for a bit longer
If your buy a long dated option like that how are you plan to offset the theta decay working against the premium if you are not selling front month options against it? That’s what options are for.
If you have no plan then you should buy straight stock which does not suffer decline in the value due to the passage of time
Are you looking to sell weeklies against a back month call option?
Held next weeks 15 puts... watched them bleed out all day. A/H they are ITM
AMEMDED 13D FILING A/H R. COHEN UPDATE
Take some off the table if your very short term at 7.20
Hey JB and UPB... wondering on the possibility of a short squeeze on LCID regardless of poor earnings? I have a small 21 call position just to hold a ticket :)
LCID possible shirt squeeze post earnings regardless of poor ER?
Facebook Parent Meta Reports First Ever Revenue Drop -- 6th Update
7/27/22, 8:06 PM
Facebook parent Meta Platforms Inc. posted its first decline in revenue and issued a muted outlook on digital advertising as it contends with growing competition from rival TikTok.
The company reported quarterly revenue of $28.8 billion, down almost 1% from a year earlier and slightly below the $28.9 billion Wall Street was expecting. It marks the first time that the company has posted a quarterly drop in revenue from the year earlier.
"We seem to have entered an economic downturn that will have a broad impact on the digital advertising business," Chief Executive Mark Zuckerberg said Wednesday. "It's always hard to predict how deep or how long these cycles will be, but I'd say that the situation seems worse than it did a quarter ago," he said on an earnings call.
Meta is grappling with a digital advertising market in upheaval from surging inflation and other factors that are causing a slowdown in ad spending. Google parent Alphabet Inc. on Tuesday reported the slowest rate of growth since the second quarter of 2020, when the pandemic crimped demand for advertising in some areas. Rival Snap Inc. reported its weakest-ever quarterly sales growth last week while Twitter reported a decline in revenue.
Meta also disclosed that Facebook's daily active user base rose to 1.97 billion users. The figure was 1.96 billion three months ago. The increase defied expectations of analysts surveyed by FactSet who thought user numbers would fall.
The company posted a net profit of $6.7 billion for the second quarter, the third quarter in a row Meta's bottom line has fallen. The company hasn't experienced such a slump since the fourth quarter of 2012.
The weak advertising demand was reflected in Meta's average price per ad, which fell 14% in the quarter. A year ago, the company reported an increase of 47%, year over year, for its average price per ad.
The company said it continued to face challenges in targeting ads as a result of changes made by Apple Inc. to the iPhone's operating system. Chief Operating Officer Sheryl Sandberg, on her last earnings call before she departs Meta after 14 years, said the company is adapting its business to do better ad targeting -- with less user data -- with products such as click-to-message ads, which open a chat with a business whenever a user clicks on the ad.
Such ads are already a multibillion-dollar business growing at double digits, she said. "We are hugely optimistic about this area of our business, and I am very convinced it will work," Ms. Sandberg said.
Chief Financial Officer David Wehner said the company, like others, is feeling the pinch from the strong dollar, which is weighing on the top line.
Meta's shares have retreated since the company posted quarterly results in February that showed a sharper-than- expected decline in profit, gloomy revenue outlook and dip in daily users.
Meta's stock closed more than 6% higher and fell more than 4% after hours following the results.
The company also said it expects its total expenses for 2022 to be between $85 billion and $88 billion, down from the company's previous outlook of $87 billion to $92 billion. The company attributed the lowered forecast to a reduction in hiring and overall expense-growth plans for the year.
Mr. Zuckerberg repeated that the company plans to slow the pace of long-term investments and steadily reduce head- count growth over the next year.
"This is a period that demands more intensity," Mr. Zuckerberg said. "And I expect us to get more done with fewer resources."
Meta is going through a period of transition. Mr. Zuckerberg in April said the company would change how users would see content, in a bid to boost engagement. The company would use artificial intelligence to recommend content to Facebook and Instagram users from around those social networks, rather than solely showing users content from accounts they already follow. The effort mimics one of the signature features of rival TikTok, which Mr. Zuckerberg in February said posed stiff competition for Meta.
Nearly one in six posts shown on Facebook and Instagram feeds are now coming from accounts that users don't follow and are based on artificial intelligence recommendations, according to stats shared by Mr. Zuckerberg. That could rise to nearly one in every three posts shown to users coming from accounts they don't follow by the end of 2023.
During the quarter, Meta saw a 30% increase in the time that users are engaging with Reels, the company's answer to TikTok short-form videos, Mr. Zuckerberg said Wednesday.
Meta, however, doesn't yet monetize Reels at the levels of some of its other features.
"In the near term, the faster that Reels grows, the more revenue that actually displaces from higher monetizing surfaces," Mr. Zuckerberg said. "In theory, we could mitigate the short-term headwind by pushing less hard on growing Reels. But that would be worse for our products and business longer term."
Earlier this year, Meta said it planned to slow the pace of some of its long-term investments and adjust hiring plans. In May, the company disclosed a sharp slowdown in hiring, and in June, the company's head of engineering told his managers in an internal memo to identify and report low performers so they could force those employees out. Earlier this month, the company let go of 368 contractors, including several custodial staff, at its Menlo Park, Calif., headquarters.
The company on Tuesday also said it planned to raise the price of its Quest 2 virtual-reality headset by nearly 34% to $399.99, citing a rise in the costs to make and ship the products.
The company's Reality Labs division, which includes VR hardware, posted revenue of $452 million. Analysts expected it to generate $431 million in quarterly sales.
Separately, the Federal Trade Commission said Wednesday it is seeking to block Meta from acquiring Within Unlimited Inc. and its virtual-reality dedicated fitness app, Supernatural. The deal, the FTC alleges, would lessen competition in the market and violate antitrust laws. Meta rejected the FTC's position and said the purchase would be good for the development of the virtual-reality market.
The company also announced that come November, Mr. Wehner will transition into chief strategy officer, a new role at the company. Succeeding him as CFO will be Susan Li, Meta's current vice president of finance. Mr. Wehner has served as Meta's CFO since June 2014.
Write to Salvador Rodriguez at salvador.rodriguez@wsj.com
(END) Dow Jones Newswires
What is the consensus? ER MISS? I don’t use Facebook much at all.
I just pulled 5 BTC of the exchange and onto cold storage; I suggest all should do the same ASAP.
But I can say this, Consider Thursdays after hours action and Fridays move as the Impulse move to the upside going forward.
FB made a bottoming move before earnings release. Although extremely undervalued right before the ER. 300 will take some time; it will get there. I can give you my opinion when FB will see $300 next time I get a chance. I’m married with a toddler and a 3yo and my wife gets pissed when I spend time looking at charts in the after hours and weekends lol
CVNA to $42 my May
FB +20% AH
10 April 220 calls at .75xents before the close :D
Let’s see some green AH prints.... ER not out yet
There has been some recent patent approval news in the past weeks but has done little to nothing for the PPS... maybe the upgrade will start things off. GLTA
Wondering if BB is rising on its own merit or because of GameStop?
Probably wondering how I knew this?
Up until 3/28/22 maximum
I predict some sort of strong move (up or down) on 2/24/22