on the other hand FB with net profit of $39B for 2021 is valued at 17 PE after the last results. This is due to two reasons. 1.Company down grading future profit growth due to changes made by Apple on security codes. This is only reducing growth, not that profit was going backwards. 2. Company spending US $10B a year on research & development of meta verse technology area as they want to be first into the market if possible. FB has no debt either where as Tesla is full of debt.
MFG Price at posting:
$18.22 Sentiment: Buy Disclosure: Not Held
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