Speaker holds a long position in META, having bought at 560 due to oversold conditions, and views the delayed but safe launch of Muse as a positive strategic change.
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But the timing of that, which came two days after Meta's stock skyrocketed due to the launch of Muse, is odd.
Mark Zuckerberg, who launched Muse. And remember when we all said, "Oh my God, they're leasing data centers and they don't have their own product; it's going to be a disaster."
Meta's stock plummeted, which I had bought, by the way, because it was oversold . Then he announced Muse, saying, "We hadn't talked about this, and we hadn't launched it because we didn't want to launch it until we knew exactly what the product was and until we had resolved all the safety issues."
Then they launched it in a way that was uncharacteristic of Zuckerberg. He changed his approach, and now he's slower than usual. That's the right way. And I respect that.
I told you I bought Meta at its lowest point of 560.
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