3 ms·

Yet here we are.

• arcticbull 3y ago
  I'm not really sure this is proof of anything, other than interest rates moving the minimum bar for what is worth investing in. Custom silicon takes tons of time and investment, and carries high risk. If they were previously projecting even a 1-2% ROI, it made sense to do. Now they need an 8-10% ROI to justify the same project. Just because they can't get 8-10% out of their investment doesn't meant it's non-zero, or that it wasn't justified when cost of capital was much lower. [edit] people seem to think that just because they don't like Facebook it must be incompetent or ineffective. One glance at their financials should really dispel that notion.