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Sure, but don't get hung up on the $100B number. The overall point being made is that FAANG is seen as a rock of stability compared to crypto and yet has experi
by bavell 5y ago
Sure, but don't get hung up on the $100B number. The overall point being made is that FAANG is seen as a rock of stability compared to crypto and yet has experienced massive price change over a relatively short amount of time. The point of mentioning the market cap is that you'd expect volatility to be very low. Just shows you that the stability is not quite as stable as previously assumed.
- thoughtstheseus 5y agoOperating leverage goes both ways. Every subscriber Netflix loses is a direct loss of revenue with little to no change in operating costs. FANNG is not stable. Crypto is all bespoke/custom so it depends. Commodities are stable. Nonproductive assets are stable. Think about it like you’re bidding on future expected cash flows. The range of cash flow estimates is enormous for FANNG.