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Whilst I despise Facebook, I thought Zuckerberg was extremely savvy in picking up WhatsApp and Instagram (which I didn’t see coming), and also pursuing VR (whic
by randomsearch 5y ago
Whilst I despise Facebook, I thought Zuckerberg was extremely savvy in picking up WhatsApp and Instagram (which I didn’t see coming), and also pursuing VR (which I absolutely did). But there’s a big difference between acquiring near-winners and building something entirely new. Perhaps I’m just being hopeful, but it seems unlikely to me that Facebook is an organisation that could construct something entirely new and execute it well. They’ll have lots of competition and buying it out will probably not be an option, given the intense scrutiny they’ve attracted. So I wouldn’t bet on Facebook to own the next generation of social platforms.
- poaal 5y agoMarket agrees. You get better returns just buying the S&P500 over FB shares. Hence their 50 billion stock buyback to slow down the falling share price.