Big-cap tech stocks such as Meta, parent of Facebook, and Netflix aren't as safe as Treasury bills, despite what the Wall Street community has pumped into the heads of investors for the past five years as these stocks have exploded. They aren't as safe as other large-cap stocks in the market, either.Facebook's post earnings 30% crash on Thursday"Everybody went and thought that some of these mega-cap growth names were defensive.
Daily active users fell by 1 million as Facebook saw increased competition from TikTok. The company missed analyst profit estimates by a whopping 14 cents. For 2022, Facebook sees slowing growth and a $10 billion hit from privacy changes to Apple's iOS operating system.
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