#Netflix active users free#

According to Flurry, only 25% of FB users on the iPhone are agreeing to be tracked. Unfortunately, not many people are opting into tracking. Without it, FB can’t show users ads based on websites they read or locations they visited.

Such data is crucial to FB’s ad targeting operation. That includes data on things like web browsing and physical location. Apple’s ATT policy forces FB to ask iPhone users whether they want their data tracked. It’s a big part of why CFO David Wehner projected first quarter revenue to grow at just 3%-11%. However, there are two developments that may change that fact going forward.Īpple’s ( AAPL) app tracking transparency (“ATT”) changes.ĪTT is a long term headwind that is projected to take a $10 billion bite out of FB’s revenue this year. Reviewing the past year, we would conclude that Meta has a very high market share, indicating a solid competitive position. It is second place in the online advertising industry after Alphabet ( GOOG), and it is far ahead of the third place firm, Amazon ( AMZN).

#Netflix active users free#

Meta’s extraordinary free cash flow yield is hard to pass up, but the company has more competitors now than ever before, and that justifies a somewhat lower stock price.īefore going any further, I should say that Meta’s competitive position right now IS good. Why am I holding out for better prices? Largely because of the company’s competitive position, which has weakened somewhat over the last few years. I actually held the stock then today I’m out, and am waiting for prices below $180 before I buy in again. In a recent article, I wrote that I would fall in love with Meta stock at $150. In this article I will outline a neutral thesis on Meta (at today’s prices) and explain why I’m excited about initiating a position after a post-earnings dip. However, I sold my shares recently as I believe I can buy my position back for much cheaper than the levels it was trading at last week. I have always been a big bull on FB stock, and I remain bullish on the business itself. Meta will have Russian losses in the picture in its own first quarter release, and in fact, the raw number of them will likely be higher than Netflix's. The ban hit Netflix hard in the first quarter, taking 700,000 users right out from under its nose.

government asked them to limit some features to comply with sanctions, then the Russian government banned them outright. This year, services like Netflix, Facebook and Instagram lost all of their Russian users with the stroke of a pen. In the past, this was a great metric to highlight because it could show some kind of growth in periods when financials missed expectations. While FB and NFLX have completely different business models, they are similar in that both of them report user counts, including global user counts, in their releases. It’s possible that investors sold Meta because Q4–when both Netflix and Meta put out bad numbers and promptly sold off–was still fresh in their minds.īut there’s another, more material factor that could be at play: Their businesses have nothing in common: one is a paid subscription service, the other an ad platform that also sells a VR headset. You might be wondering why Meta fell in tandem with Netflix.

On April 20, Meta stock fell 8%, despite no material news about the company being released on that date. While Meta’s crash was much less pronounced that Netflix’s, it was significant. After NFLX reported a net user decline of 200,000 for the first quarter, it crashed 36% in a single day, with Meta crashing right along with it. If you’ve been following Meta Platforms (FB) stock recently, you may have noticed that it has been strongly correlated with Netflix ( NFLX).