This could be applied to (some of ?) the tech companies as well. Meta valuation is strongly associated with the network effect of its apps. The value of the ac

This could be applied to (some of ?) the tech companies as well. Meta valuation is strongly associated with the network effect of its apps. The value of the actual assets (technologies, data-centers ...) is far lower than the market cap. Creating a FB and Instagram 1:1 clone would significantly cost less than the current $500B market value.