TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Tag: Meta

    • Amazon Prime: The Most Active Streamer

      We expect Amazon Prime to be the most active streaming service over the next number of years in terms of its overall commercial activity. This will be especially true as it relates to: 1.) strategic partnerships with other content providers across content categories (sports & entertainment), as well as 2.) acquisitions. Apple (AAPL) and Amazon…

    • FTC Sues To Block Microsoft’s Activision Acquisition

      Lina Khan’s FTC is bad news. It reminds me of the FTC during the Obama Administration – quick to pick a fight with companies (I know from first-hand experience), without understanding the competitive landscape or how markets work. In this case, Microsoft’s Xbox unit is the platform and Activision is the content publisher that will…

    • META, Taxes & Intuit

      It is outrageous that online tax preparation services have been sending personally identifiable information (PII data), to Meta Platforms (ticker: META). PII data such as Full Name and Gross Income is being shared without consent. To not disclose this fact to customers is criminal in our view. If META wants this PII data, it should…

    • Zuckerberg & The Metaverse Underscore Why CEOs & Management Teams Matter

      When you invest in a company (public or private), you’re betting on the CEO and management team, not a product or service. A CEO can torpedo or lift a company’s prospects overnight. Microsoft under former CEO Steve Ballmer and current CEO Satya Nadella underscores the importance of the CEO. Ballmer was a Marketing exec that…

    • META Ought To Split In Two

      META will remain a broken company until Zuckerberg allocates the same passion toward repairing the core business as he has allocated toward building the metaverse. However, I have never met an entrepreneur that felt equally passionate about a shiny new object AND a repair job. Therein lies the rub. Zuckerberg’s interests have clearly evolved. META’s…

    • Meta Is Operationally Reactive

      Below are two paragraphs from META’s earnings release. The language is from the “CFO Commentary” section and is symptomatic of a company that is operationally lax. It may be too late for META to find religion around operational excellence. Operational efficiency is a skill set that is developed over years, it is not a cost-cutting…

    • META’s Downside Risk

      Zuckerberg is an entrepreneur at heart, not an operator. Therein lies the problem. Our view is that as the macro environment continues to slow and as the original Facebook and Instagram platforms underperform, Zuckerberg will pull investment forward on his metaverse initiative. The metaverse is what interests Zuckerberg and that’s where he will spend his…

    • META & The UFC?

      Meta Platforms (META) would provide the UFC an on-ramp to the metaverse. The UFC would provide META with valuable global content that could both serve as grist for META’s virtual reality mill and provide META with a competitive edge in the content wars versus TikTok, Apple (AAPL), Amazon/Prime Video/Twitch (AMZN), Apple (AAPL), Google/YouTube (GOOG), Microsoft/Xbox…

    • Is META Cheap?

      Whether of not META shares are inexpensive depends upon what you believe 2023 and 2024 estimates will look like. We believe the global macro environment will soften for the remainder of this year and next and that META’s numbers over the next few quarters will reflect this difficult macro demand environment. META is in the…

    • The Metaverse Is At Least A Decade Away

      The Metaverse becoming reality is at least a decade away if not 20-25 years away. The Metaverse as we imagine it is one with rich graphics, hundreds of millions of users and billions of online transactions. There are two primary obstacles preventing this reality: The Metaverse suffers from poor graphics. Content companies including Meta Platforms/Facebook…