<story><title>Meta Reports Fourth Quarter and Full Year 2022 Results</title><url>https://investor.fb.com/investor-news/press-release-details/2023/Meta-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx</url></story><parent_chain><item><author>dsco</author><text>Even Paul Graham tweeted that crypto had a systemic risk. Bitcoin is up like 30% since that tweet.&lt;p&gt;HN != Financial advice</text></item><item><author>deltree7</author><text>HN is the worst place for investment.&lt;p&gt;The smarter the people, the bigger the ego and limited the vision.&lt;p&gt;Between ArsTechnica, HN and reddit and you can bet against popular opinions on this. You can also identify cult formation too.</text></item><item><author>melling</author><text>It feels like only 3 months ago I was repeatedly trying to convince HN readers that Meta was a great investment opportunity at a P&amp;#x2F;E of 9. In fact, it was…:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33572187&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33572187&lt;/a&gt;&lt;p&gt;Markets aren’t efficient. People are biased and can’t look past them.&lt;p&gt;There’s quite a bit of knowledge on HN. As a group, we could do much better understanding the markets.</text></item><item><author>paulpauper</author><text>Up 17% in AH, on top of huge gains over the past 2 months. Nuts. It looks like it really wants to get back to $300+ It shows how all this talk about metaverse losses was overblown. This is why my best piece of financial advice is to tune out the media. By the time something is a narrative, it&amp;#x27;s too late. If the media is talking about how Facebook peaked or is the next myspace, this is time to buy. Same for Netflix.&lt;p&gt;Metaverse notwithstanding, Facebook and Instagram are still huge cash cows. Ad CPCs are really high, especially mobile ads. Companies, especially in financial services and healthcare, paying so much $ for clicks to target older people, retirees, etc. and also people with medical problems. Obesity epidemic means more healthcare spending, same for people living longer.</text></item></parent_chain><comment><author>kosievdmerwe</author><text>This argument is equivalent to saying &amp;quot;Someone told me that Russian Roulette is dangerous, but I didn&amp;#x27;t die when I played it, so they&amp;#x27;re wrong.&amp;quot;&lt;p&gt;Systematic risks are still risks even if they don&amp;#x27;t manifest and if you want to argue Paul Graham is wrong you have to argue why the risks aren&amp;#x27;t risks.&lt;p&gt;(I don&amp;#x27;t know what risks he pointed out, so I don&amp;#x27;t know whether I think he&amp;#x27;s right or not)</text></comment>
<story><title>Meta Reports Fourth Quarter and Full Year 2022 Results</title><url>https://investor.fb.com/investor-news/press-release-details/2023/Meta-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx</url></story><parent_chain><item><author>dsco</author><text>Even Paul Graham tweeted that crypto had a systemic risk. Bitcoin is up like 30% since that tweet.&lt;p&gt;HN != Financial advice</text></item><item><author>deltree7</author><text>HN is the worst place for investment.&lt;p&gt;The smarter the people, the bigger the ego and limited the vision.&lt;p&gt;Between ArsTechnica, HN and reddit and you can bet against popular opinions on this. You can also identify cult formation too.</text></item><item><author>melling</author><text>It feels like only 3 months ago I was repeatedly trying to convince HN readers that Meta was a great investment opportunity at a P&amp;#x2F;E of 9. In fact, it was…:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33572187&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;news.ycombinator.com&amp;#x2F;item?id=33572187&lt;/a&gt;&lt;p&gt;Markets aren’t efficient. People are biased and can’t look past them.&lt;p&gt;There’s quite a bit of knowledge on HN. As a group, we could do much better understanding the markets.</text></item><item><author>paulpauper</author><text>Up 17% in AH, on top of huge gains over the past 2 months. Nuts. It looks like it really wants to get back to $300+ It shows how all this talk about metaverse losses was overblown. This is why my best piece of financial advice is to tune out the media. By the time something is a narrative, it&amp;#x27;s too late. If the media is talking about how Facebook peaked or is the next myspace, this is time to buy. Same for Netflix.&lt;p&gt;Metaverse notwithstanding, Facebook and Instagram are still huge cash cows. Ad CPCs are really high, especially mobile ads. Companies, especially in financial services and healthcare, paying so much $ for clicks to target older people, retirees, etc. and also people with medical problems. Obesity epidemic means more healthcare spending, same for people living longer.</text></item></parent_chain><comment><author>coffeebeqn</author><text>Thinking that anyone knows which way Bitcoin or a stock will go in the short term is foolish (unless they have insider info)</text></comment>