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They have pretty similar P/E (currently Meta a bit better). Watching ads on facebook/instagram is addictive/profitable.
by Marsymars 7mo ago
They have pretty similar P/E (currently Meta a bit better).
Watching ads on facebook/instagram is addictive/profitable.
- thunky 7mo ago> They have pretty similar P/E That's the baffling part. I would think YouTube alone would crush Facebook in profitability. Then add all the other things Google does and it's not even close. I understand the reality, but I don't get it.
- Marsymars 7mo agoI'm reminded of the Hastings quote about Netflix's biggest competitor being sleep. As far as the various infinite-scrolling ad-machines are concerned, the primary input is users' time, and whatever the service does or looks like is just window dressing in service to triggering dopamine hits to keep users scrolling.