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I was talking about revenue. Yes, they are growing. They are expanding their revenue. They have to in order to justify their valuation. But they need to grow a
by InclinedPlane 13y ago
I was talking about revenue.
Yes, they are growing. They are expanding their revenue. They have to in order to justify their valuation. But they need to grow at unsustainable rates for a fairly long time for that valuation to make sense. Unless they completely pivot the company they would, as I mentioned, need to grab significant fraction of all of Earth's advertising revenue, in all media. It's unreasonable to assume that current share holders are investing in facebook out of some belief in an unannounced, unplanned, speculative pivot into a different industry, that's either clairvoyance or rank stupidity.