$Meta Platforms(META.US) I really didn't expect it to approach the target price just a few days after speaking. Actually, I've been thinking about this company for a long time recently.

1. It's like a combination of Tencent + Weibo + Xiaohongshu, taking a part from each of the three.

2. Mark Zuckerberg is very aggressive in developing AI large models, spending no less money than other companies, but it seems nothing has come out. The so-called "avocado" they wanted to launch was even delayed because it wasn't as good as others.

3. Based on the first point, I'm wondering how much improvement his massive investment in chips and AI infrastructure brings to his businesses? Don't listen to the nonsense they say in earnings calls. Similarly, comparing it to Tencent, what exactly is the role of Yuanbao for Tencent? It was also launched after being surpassed by Doubao, DK, and Qianwen. Obviously, its effect doesn't seem as significant as claimed.

4. Based on the above three points, I believe when we think about it, we should merely treat it like Tencent, as a company with a stable cash cow. Its horror stories might come flooding back as the stock price continues to weaken.

Finally, let's talk about reality. From a stock price perspective, anything below 650 is considered a long-term accumulation zone. When it will stop falling is unknown; it depends on the overall market. But if it breaks below last October's low of 580, that's a breakdown. Those already invested and those preparing to get in, be prepared for a long-term hold! Good luck!