This morning on The Call @ HedgeyeCommunications analyst Andrew Freedman explains why FAANG stocks like Meta (META) and Google (GOOGL) are no longer the rock-solid safe investments many long believed.

“We’re at that part of the cycle where everything goes down, and you see true demand destruction,” notes Freedman.

“The bull case on these stocks from here is that they have to lay people off. The bull case on Meta (META) is that they lay off 20% of their work force. The bull case on Google (GOOGL) is that they lay off 20% of their work force. You’re talking tens of thousands of employees. The problem is if you lay people off, is consumer demand going to get better? The ad market is going to get worse!”

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Freedman: The Bull Case for $META & $GOOGL? → Layoffs - Call Banner