Meta Platforms (FB) peaked when the company changed its corporate structure and name. Facebook
has a tough transition ahead. It must replace advertising revenue losses with the metaverse.
Behind that transition, Disney (DIS) is reacting to its stock breaking the $175 support level from 2021.
The stock broke down again from $150, $125, and then $100. The company hired creative director Mark
Bozon from Apple (AAPL). At Disney, Bozon will set its creative vision and direction. He will give Disney
the storytelling and experiences for its metaverse services.
DIS stock is out of favor because of the CEO’s involvement with Florida’s schooling system. Until that
clears, DIS stock will underperform.
Unity bounced back from a $29.13 low. It peaked at $210 during the stay-at-home tech stock bubble.
Stock markets have a fish bowl memory, forgiving the platform for its data corruption issues. This hurt
Q1 results. In addition, Unity guided full-year revenue of $1.35 to $1.425 billion. Analysts expected $1.49
billion.
Roblox (RBLX), whose mobile platform is popular with young gamers, closed at exactly $30.00 on June 3,
2022. Parents may restrict spending as hyperinflation rates accelerate. A moderation in higher costs will
still hurt discretionary spending. This will limit Roblox’s earnings potential.
All three stocks may potentially bounce from lows from here. This is a speculative bet with no
guarantees.
