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This leaves company shares with a price to earnings ratio of 12. Given the size of the company and difficulty such companies have growing, this looks to be abou
by SevenNation 4y ago
This leaves company shares with a price to earnings ratio of 12. Given the size of the company and difficulty such companies have growing, this looks to be about fair value.
An investor with a long time horizon and the ability to see past the obvious social ill this company is committing might find a good entry point soon.
- dclusin 4y agoOr a would-be employee.
- nocoiner 4y agoNormally I’d agree with you, but here’s where I think perpetual voting control by Zuck fatally undermines that investment thesis. If he were content to manage a stable (or declining) company and throw off cash to his shareholders for the next several decades, that’d be one thing. But instead he has ultimate decision to continue writing ten-digit company checks every month to pursue the metaverse.