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Closing Bell Overtime: Meta Drops on Q3 Results 10/26/22

Closing Bell

00:00

Stocks Moving Definitely in the Overnight

King Lip: I think they employed too many people. But it seems that 2023 is still a year where they're going to be heavily invested into the metaverse business. For longer term shareholders, we see that the stock still have a lot of value. That stock is still very cheap. It trades at two to three standard deviations below historical averages. So we think this is a stock for more for 2023 than it is for 2022.

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