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Yes and let's not forget that all companies of such size have many skeletons in their closets and directors know all about them and they can be used against the
by cryptica 7y ago
Yes and let's not forget that all companies of such size have many skeletons in their closets and directors know all about them and they can be used against the company.
If some of these board members are well connected to lobbyists in Washington, they can change the balance of power.
Facebook's dominance is completely dependent on cheap fiat currency issued by banks at low interest rates. If the economic and political environment changes, Facebook may not survive.
Facebook was founded on an unsound economy where popularity is valued much more highly than profits. In a sound economic environment, popularity by itself is a fickle thing which cannot be relied upon (without it being supported by real net value), but in our new economic age with massive fiat money printing, companies like Facebook have found a way to monopolize user attention and control it in a predictable way.
- looping__lui 7y agoNot sure where you draw these conclusions from or how you back them up... I’d say FB reaching 1/3 of the worlds population, allowing advertisers to target very specifically whom they spend money on and giving metrics that are more understandable and ROI-relatable than TV/print make them pretty strong. Oh, and a 30% or so operating margin, 20% YOY growth are generally kind a strong and beyond most business performance... See: https://www.businessinsider.com/facebook-q1-earnings-2020-4?r=DE&IR=T https://www.businessinsider.com/facebook-q1-earnings-2020-4?...