Meta Platforms

Expanding Online Real Estate with a Growing Moat

Summary

• Meta’s family of apps is a great business with a growing moat and a long growth runway.

• Meta should return to significant revenue growth next year, overcoming temporary macro-, IDFA-, and short video challenges.

• Long term investors to benefit from multiple expansion: In 10 years, metaverse overhang will be gone either due to success, or Zuckerberg …