Don't be on the short side of FB.
FB is a debt free company that is making more than $9 billion dollars of net profits each quarter. And it is trading at very cheap PE ratio of 22. There are many money losing extremely overpriced companies like SNOW, DKNG, NET, etc. that are better short targets. FB has too much cash in hand, so it is in the process of buying back $50 billion dollars of FB stocks.
$50 billion stock buyback is gigantic. When all the sellers are done selling FB stocks, FB will still be buying back FB stocks. And potentially, FB can add $9 billion dollars of stock buyback each quarter to its stock buyback program. You should bargain hunt and buy FB now. With $50 billion stock buyback program, it is just a matter of time for FB stock to hit new highs again.$Meta Platforms, Inc.(FB)$ $Snowflake(SNOW)$ $DraftKings Inc.(DKNG)$ $Cloudflare, Inc.(NET)$
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