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I wonder if the author of the article believes his own words. >When I wrote in October that Mark Zuckerberg was going to kill his company, the street responded
by TrapLord_Rhodo 3y ago
I wonder if the author of the article believes his own words.
>When I wrote in October that Mark Zuckerberg was going to kill his company, the street responded in kind, savaging Meta’s stock.
He seems a bit delusional.
It picks on the likes of FB, Google,Uber, Tesla and uses that to justify a whole host of things like he's the only sane one and the rest of the market is dumb.
FB, Google are money printing machines that will continue for years.
>Uber has not made a profit from its businesses
This is just a downright lie. Also, uber is still experiencing high revenue growth but it's costs have not been rising for years. Maybe investors can follow a trend line and understand Uber's not going anywhere?
>They had a net loss of 1.21 billion last quarter, yet the street fell over itself to praise the company because “gross bookings grew 19% year-over-year”
This quote seems especially dishonest. Ubers revenue grew almost 90% YoY... and he uses the 19% bookings as a reason investors liked it?? It's handpicked information to match his points, not reality. He must have searched really hard for the dumb metric.