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Is Facebook ready to buy a major gaming stock?Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming. The burgeoning gaming industry has transformed into a $198.4 billion sector in 2021, far exceeding the combined market size of the box office and the music industry, according to market research firm Mordor Intelligence. Meta and VR gaming Even before Meta announced its push into the metaverse in October 2021, the social media behemoth has built a presence in the gaming market with its acquisition of virtual reality company Oculus in 2014. Meta’s foray into the metaverse would make its Oculus VR headsets more appealing to the market amid strong competition against other VR headsets in the market like HTC’s (TPE:2498) HTC Vive and Sony’s (NYSE:SONY) PlayStation VR. A sharper focus on gaming would encourage Facebook to double down on its investments in the gaming sector far beyond hardware and building a metaverse. The company, which also owns Instagram and WhatsApp, could soon build an army of tech talents that specialize in gaming. Meta gobbles up gaming studios In the months before it rebranded into Meta, Facebook went on an acquisition spree buying small gaming studios. Among its most recent acquisitions in the gaming space are studios Ready at Dawn, Unit 2 Games, VR firm BigBox VR, Downpour Interactive and Sanzaru Games. However, Meta has yet to spend billions of dollars on a gaming company since its acquisition of Oculus in 2014 for $2 billion, raising the prospect of a potential acquisition of a larger gaming studio similar to recent moves by Sony, Microsoft (NASDAQ:MSFT) and Grand Theft Auto publisher Take-Two Interactive (NASDAQ:TTWO). Multi-billion gaming deals Three multi-billion dollar gaming deals welcomed the year in January, starting with Take-Two’s plans to buy mobile video game company Zynga for $12.7 billion, which was thought to be the gaming industry’s biggest acquisition on record until Microsoft announced that it is buying Activision Blizzard (NASDAQ:ATVI), the studio behind the Warcraft, Diablo, Overwatch and Call of Duty franchises, for $68.7 billion in cash. Microsoft said the deal would make it the world’s third-largest gaming company in terms of revenue behind Tencent (HKG:0700) and Sony. Two weeks later, Sony said it is buying Bungie, the video game developer behind the Destiny and Halo franchises, for $3.6 billion. Which gaming studio is Facebook eyeing? With Meta’s intentions to promote the metaverse concept, industry watchers are now waiting for the company’s next big move. Meta will likely look to gobble up a gaming studio with a massive presence in the market such as France’s Ubisoft (OTCMKTS:UBSFY), the developer behind Assassin's Creed and Prince of Persia. Ubisoft CEO Yves Guillemot last month hinted that it is open to offers from companies. Roblox (NYSE:RBLX), Playtika Holding (NASDAQ:PLTK) and Super League Gaming (NASDAQ:SLGG) are also likely targets if Meta chooses to snap up the bargains on these companies after their shares tumbled to near record lows recently. In June 2021, Meta bought Unit 2 Games, the studio behind Roblox-like gaming platform Crayta.
NASDAQ:META
by BlackBull_Markets
1
Is Meta Stock A Buy Now?Meta Platforms stock FB has shown some strength lately after rebounding from $185 demand area, the upward move could hit $230 levels corresponding to 23.6% Fibonacci Retracement level. The upward correction would be highly supported by both; the good volumes and the positive crossover on the Relative Strength indicator. Finally, it's worth mentioning that Meta Platforms stock FB is one of 2022’s most beaten-down large cap tech stocks. After its February earnings release, it fell 26% in a single trading day, then proceeded to decline another 21% after that.
NASDAQ:METALong
by AlyaAkram
NFTs Coming to Instagram in ‘Several Months’ Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company. In a conversation at Austin’s South by Southwest Festival (SXSW) on Tuesday, Zuckerberg announced the plan without disclosing many details, saying that the feature would go live as soon as Instagram works out the technical challenges. “I’m not ready to announce exactly what that’s going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment,” the CEO was quoted as saying by TechCrunch. Also, according to Hannah Murphy, a tech reporter at the Financial Times, Zuckerberg hopes that avatar clothing in the metaverse could be minted as NFTs. As reported, Instagram head Adam Mosseri confirmed the NFT plans in December, detailing that the popular social media platform was “actively exploring NFTs,” and that they were looking into making them “accessible to a broader audience.”
by johanpedersen
1
FB (Meta) - Outlook ✅Let's see how FB (Meta) is behaving. This is a 1D chart. (Long Term) Fib retracement levels show that the price has consolidated for a long while in the blue area -$271- (as shown on the chart) and has turned that area into a strong resistance area. This alone can confirm that Facebook needs massive buy volumes to pass that area. For now, any price below that level is possible for consolidations. Red area: Our solid resistance level, which requires strong buy volumes for passing Orange area: Local resistance area; Bouncing back from our local support can help us pass this area. Green area: For now, this support area can hold the price up. It hasn't been tested yet, but bouncing back from this level can confirm a bullish market for Meta. Dark Green area: Let's say the market is bearish; we can count on this area for solid support in case of more dumps. Support levels: $114 - $189 Resistance Area: $228 - $271 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing SELL volumes for FB. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that FB is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $200.06 Let me know your ideas. Good luck.
NASDAQ:META
by ShawnMCR
2
FB/META under $200 will be a stealIf FB/Meta gets under $200 again in the next week and maintains trend along with hitting support around $194-$192 If you believe in VR and the metaverse, here is your chance because I don't think we see these prices again. First, you don't want to invest in facebook, for social media. You want to invest in Meta because of data collection. Facebook built networks and collected data world wide, and I can only imagine what the data they've been collecting on VR will be worth to other companies. I'd definitely recommend watching Mark Zuckerberg talk about the metaverse on Lex Fridman, if you want to learn more.
NASDAQ:METALong
by nicktussing77
META [FACEBOOK], FBSimple Trade , Positional Trade Hopeful We Can The "Fundamentals " To Push Us UP With The Met Being Part Of The MetaVerse , That Enough Can Assure Us META We'll Recover I Will Keep Updating This, But With Technical Analysis We Are Looking To Fill The Imbalance And Retest The Orderblock DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
NASDAQ:METALong
by Prof_Invests_ZA
Buying Opportunity In Facebook (FB)Yesterday was an epic day for FB, posting a 4.61% gain amid heavy geopolitical tension. Here are the key levels to watch for FB going into March’s trade: GAP, $309.53 to $248.00 2020/2022 78% Retracement, $190.55 Here's the trade: 1) Buy $205-$208 2) Stop out point at $189.00 3) Profit target anywhere in the GAP. The conservative upside target is at $248.00 With a hard stop-out point beneath $190, this isn’t a bad place to buy in and play a return to the GAP.
NASDAQ:METALong
by TheTradingRoom
1
Meta Platforms (NASDAQ: $FB) Touching 0.786 Fib Pre-Market! ♾️Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
NASDAQ:METALong
by Bullishcharts
FACEBOOK (META) Price meet fundamentalThis platform is one of the most horrendous ,disgusting ,censored, corrupt ,dirty propaganda machine human did invented.We see a mass exodus from this platform and probably no sane human will use it in the near future. Price finally meet fundamentals and this should collapse to zero. But first ..probably a dead cat bounce,the classical liquidity grab,then exit scam.. Target 1:zero! Out of the 4 FANG stocks ,this i`m bearish at most and i dont think will ever recover! Glad i did leave this platform years ago ,as I see ,things are even worse now !Absolute horrendous dogsh pile of turd ! Facebook as a shitcoin. Short! REKT.
FShort
by Sam111
"Facebook can't possibly go lower" ...right?Facebook NASDAQ:FB going lower was something many people did not expect on February 3rd, 2022 after the huge drop on earnings. I am afraid that many investors and traders did not pay heed to the words of one of my favorite investors Peter Lynch that "a stock can always go lower." Now price is grinding down those expecting a quick bounce. Let's look at this event as a teachable moment for price action as well as how to express options trades in high Implied Volatility using Vertical Debit Spreads.
NASDAQ:METAShort
by norok
9