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Needham & Company worried Meta Platforms' core business has 'no terminal value,' like MySpace before it

March 10, 2023 7:56 AM EST

Needham & Company analyst Laura Martin told investors in a note Friday that they are worried Meta Platforms (NASDAQ: META) has no terminal value in its core business, "like MySpace before it."

"We worry that META has no terminal value in its core business because negative network effects accelerate its decline," explained Martin, who has an... More