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> FAANG and tech stocks that don’t require capital to grow Facebook lobbied intensely for TikTok to be banned, which went nowhere, and its discounted threat pr
by an_opabinia 5y ago
> FAANG and tech stocks that don’t require capital to grow
Facebook lobbied intensely for TikTok to be banned, which went nowhere, and its discounted threat price was $55b, which went nowhere, and also, Facebook could not afford to buy them at their real price. Attention is zero sum, and the big tech cos will eventually need capital, maybe even next year, to make the acquisitions they have been putting off.