Form 4 Meta Platforms, Inc. For: Mar 07 Filed by: Newstead Jennifer
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Needham & Company worried Meta Platforms' core business has 'no terminal value,' like MySpace before it
March 10, 2023 7:56 AM ESTNeedham & Company analyst Laura Martin told investors in a note Friday that they are worried Meta Platforms (NASDAQ: META) has no terminal value in its core business, "like MySpace before it."
"We worry that META has no terminal value in its core business because negative network effects accelerate its decline," explained Martin, who has an... More
