Does A $750 Billion Decline In Meta’s Market Cap Make Sense?

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Rowan Street’s memo for the month of November, 2022, in which they share their thoughts after the recent drop in Meta Platforms Inc (NASDAQ:META)’s stock. Long-term vision collides with near-term fear. Below is a chart that depicts a steep 75% drop in Meta stock over the course of just one year — a ferocious market cap decline of ~$750 billion. Q3 2022 hedge fund letters, conferences and more Most investors don’t care about the next 10 years, they cannot see past the next 6-12 months, at best. They are quick to judge and critique over short-term results, especially when stock is dropping at su…

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