![Add a heading.jpg](https://i.imgur.com/vKyR5sB.jpg)

Hello HiveInvestors.

What happened?

Facebook fell around 20%.

![image.png](https://i.imgur.com/79AfyYk.png)

The price looked like it will fall to around the 255$ support level.

Three things spooked the market:

1. Drop in profits from the previous quarter
2. The forward guidance is lower than expected
3. It is the first time their Daily Active Users has fallen.

![image.png](https://i.imgur.com/0SgrOI4.png)

However, as a HiveInvestor, we know that we should look at a longer timeframe for evaluating a company. 

Quarter on Quarter(qoq), the revenue still grew 20%, year on year(yoy), a whopping 37%!  This is really good.  The profit fell 8% qoq, but grew 35% yoy.  So, they didnt have a good quarter profit-wise, but over the year, still very good.  As a mature company, they can have a bad quarter can't they?
![image.png](https://i.imgur.com/dZ8sxHI.png)

Now look at the Free Cash Flow.  Yoy it increased 65%!!

![image.png](https://i.imgur.com/MeSigOA.png)

So we can see the revenue is growing in their legacy apps and also yoy for metaverse has doubled!

Looking at the profit, we can see the legacy apps are getting more profitable.  But the Metaverse (Reality Labs) are becoming less profitable.  This could be because they have been investing heavily in the future!

![image.png](https://i.imgur.com/jk9QI56.png)

Key Takeaways:
- Meta fell over 20% after not meeting market expectations
- Revenue growth is still in-tact
- Profitability year on year was good
- FCF year on year was also good
- Meta is investing heavily in the Reality Labs (Metaverse)
- This is weighing on profitabity and increasing growth

Are you buying Facebook at this lower price?

Thanks for reading.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mypathtofire/facebook-crash-time-to-buy)