Meta Platforms, Inc.
FB
position
long
Josh Resnick
Thesis
Facebook is not an expensive stock given its earnings potential, with estimates of over $3 per share next year. The company has significant assets like Instagram and WhatsApp that have not yet been monetized, presenting a large opportunity for future growth.
Did it work?
worked
confidence: high
The stock price has increased by 645.3%, which significantly exceeds the expectations set in the thesis regarding earnings potential and growth opportunities. The substantial rise in price indicates that the market has recognized the value of Facebook's assets and earnings potential, validating the long position taken in the pitch.
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