Facebook (META) has been without a single useful product innovation for at least half a decade—and arguably much longer.
Then, with mass censorship, they wiped out a huge portion of the one asset they did have. A social network.
Now, after the stock has declined more than 65% from its peak, it trades at a P/E under 11. That’s because Facebook is now a legacy ad-tech business akin to YellowPages dot com circa 2005—not a viral social media platform.
Facebook is no longer part of the venture capital rocket launched hyper-growth genre of stocks. Unless Zuckerberg steps aside, Meta will forever be considered a publicly traded private equity-style asset.
Then, with mass censorship, they wiped out a huge portion of the one asset they did have. A social network.
Now, after the stock has declined more than 65% from its peak, it trades at a P/E under 11. That’s because Facebook is now a legacy ad-tech business akin to YellowPages dot com circa 2005—not a viral social media platform.
Facebook is no longer part of the venture capital rocket launched hyper-growth genre of stocks. Unless Zuckerberg steps aside, Meta will forever be considered a publicly traded private equity-style asset.
Fun fact: When the big tech platforms ban you, they keep peppering you with annoying spam emails anyway.
Forwarded from ALI ALEXANDER
NEWS: Bank wires have started to complete the Twitter deal. Will be done ahead of tomorrows 5 PM deadline. Elon Musk and his partners will own Twitter. 🚨
@AliAlexander
@AliAlexander
Forwarded from Disclose.tv