Mark Mahaney, head of internet research at Evercore ISI, has advised investors to be 'modest buyers' of both Netflix (NFLX) and Meta (META) currently. He suggests that these stocks offer good opportunities amidst the market conditions.
Netflix is positioned to benefit from its expanding subscriber base and content offerings. The stock is anticipated to perform positively as it continues to innovate and grow its market share in streaming.
Meta's strong advertising business and advances in the metaverse make it a viable investment. Investors can expect positive performance as Meta navigates challenges while leveraging its platform for growth.
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NetChoice, backed by tech giants including Meta and Google, has successfully argued in court that Big Tech hosts protected speech.