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It was all about the MAU, and that's not a GAAP metric. Evaluate the company based on your own metrics and make your own conclusions. If this person wants to
by blobbers 7y ago
It was all about the MAU, and that's not a GAAP metric. Evaluate the company based on your own metrics and make your own conclusions.
If this person wants to short facebook because they don't think it will maintain earnings 26 years or whatever P/E multiple it is currently trading at, that's fine.
The simple fact is that companies can grow and evolve. When Cisco got started, they sold switches. Eventually people stopped buying that switch, so they made a different one. Then they saw that people needed routers. And wifi. And teleconference.
FB is far from a static company with an unchanging platform - definitely not a ponzi scheme, unless you consider every company that funds current expenses with expected growth a ponzi scheme. I'm going to take a stance on the author; he is a nut job.