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Considering that FB stock price has dropped to about where it was at the beginning of 2017, just from a tiny recent decline in DAU...It now has 1.9 billion DAU
by titzer 5y ago
Considering that FB stock price has dropped to about where it was at the beginning of 2017, just from a tiny recent decline in DAU...It now has 1.9 billion DAU vs 1.2 billion then. Wasn't it insanely overvalued back then? FB has been endlessly tripping forward, trying to justify its insanely overvalued stock price since its IPO. Its value reflects the market's speculative estimation of the platform's value...to advertisers, not users.
I say, in all brutal honesty, I give zero fucks about a company going from a $900 billion market cap to just a mere $600 billion. Cry us a river already.