Justin Sullivan
Summary
- Threads traffic is collapsing after an initial massive surge to 100 million downloads in a record of only 5 days.
- Meta Platforms is better off focusing on short-form video monetization and the Metaverse.
- META stock is cheap at 15.5x ’25 EPS targets, but Meta should give back the $20 gain last week.
- Out Fox The Street members get exclusive access to our real-world portfolio. See all our investments here »
As predicted, Threads has failed to maintain initial momentum and this is good news for Meta Platforms (NASDAQ:META) shareholders. The social media company has other assets where the management team should focus on making the Twitter-like app a huge distraction from corporate priorities. My investment thesis remains ultra Bullish on the stock, assuming management quickly shifts focus back to Reels and the Metaverse.
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