wouldn't touch it with a ten foot pole - and for the same reason I won't own tobacco stocks.
I don't use Facebook, but I wont turn down an opportunity to make some $$$
And that is the serious problem in this world.
The lack of awareness and smugness to be able to invest in a majority of the stock market when the line is drawn at Meta/Facebook is a problem too.
The problem is the endless requirement of the growth of public companies. It drives for situations/behaviour like Meta/Google/Amazon. But that is capitalism and only regulation can balance it out, sadly.
I wanna quit my job and never have a boss by the time I turn 40. Need to procure assets for that.
Surely there will be a rebound after a drop like this; they are still growing and making money.
"Dead cat bounce": risky, but it can often work. You just have to stick to the plan and not hold it. Let it bounce, sell. Called such because if you drop it from a sufficient height, even a dead cat will bounce once. Would I buy? If it weren't the tech equivalent of Exxon-Mobil I would probably take a small position for the lulz, put a tight stop on it, and see what happens in the next day or two.