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LOL for real. I will cry no tears for FB when they get what’s coming to them. Will be the MySpace of my kids time.(if it’s not already is)
by ct520 6y ago
LOL for real.
I will cry no tears for FB when they get what’s coming to them. Will be the MySpace of my kids time.(if it’s not already is)
- lotsofpulp 6y agoFB has had solid revenue and net income for many years, so much that it’s one of the most valuable companies in the world. It’s not comparable to MySpace, and definitely isn’t going anywhere anytime soon.
- DeusExMachina 6y agoWhile Facebook and MySpace are different in many ways, the average lifespan of a S&P 500 company is below 20 years. Facebook could very well be an outlier. If it isn't, it could definitely go away in the coming years. In any case, that shows that its revenue/income is not a predictor of anything. When a company spirals down, it does so at an accelerating rate and can quickly burn through any amount of cash.
- lotsofpulp 6y agoFacebook is very far from an average SP500 company, as are the rest of the big tech companies. They drive the market indices with how much investors think they are worth and will be worth. And they have levels of cash that tech (or any) companies in decades past could only dream of.
- ct520 6y agoUh - ok
- echelon 6y agoAs bad as Facebook is, it's being supplanted by the CCP-controlled TikTok. That's almost certainly worse for freedom.
- noirbot 6y agoI'm not sure supplanted is right here. TikTok right now feels more like it's taking the role of Snapchat/Vine/Instagram. Part of the never-ending rollover of new apps for that sort of thing. Time will tell, but it doesn't feel like it will kill Facebook.
- thedragonbabe 6y agoExactly