|Bid||116.64 x 0|
|Ask||116.70 x 0|
|Day's range||116.26 - 116.90|
|52-week range||89.52 - 308.15|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||31 Jan 2023 - 06 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Some of our prior best-company picks are still powerhouses. Others have floundered.
The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc's Google and Meta Platforms Inc to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in a statement on Sunday that the legislation will be modelled on similar laws in Australia and Canada and he hoped it would act as an incentive for the digital platforms to reach deals with local news outlets.
Meta Platforms (NASDAQ: META) has suffered an epic collapse over the last year. While that's all bad news, what's already happened to Meta stock shouldn't matter at this point. What does matter is if the stock offers a good value at its current price, or if the discounted value of future cash flows is greater than the current valuation.