I agree they’ve made savvy acquisitions, mostly in stock, which boosted their perceived value. Facebook are really vulnerable - they rely on trust from advertis

I agree they’ve made savvy acquisitions, mostly in stock, which boosted their perceived value. Facebook are really vulnerable - they rely on trust from advertisers and clients, and have one stream of income - advertising. This will be very vulnerable in a downturn (which incidentally is what destroyed yahoo). Say what you will about the ethics of the company but Thanks. They have always been entirely lacking in ethics, from they trust me, to zynga, to fake ad metrics, to illegal Russian ads, to Soros smears. This makes it hard for anyone to trust them.