xkjkls

59 ms·

661.
by xkjkls 8y ago
It also depends on your investment timeline here. Facebook and other social media properties have historically traded at super low multiples compared to other companies with similar growth/profits. Facebook is trading at 15x it's
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by xkjkls 8y ago
Does Coca-Cola suck? They spend billions a year on advertising. Demand for different products is generated very differently depending on the product. Some things travel by word of mouth, some things don't.
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by xkjkls 8y ago
You do realize that they are booking billions in ad revenue, right? All that user attention is hella valuable space.
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by xkjkls 8y ago
Probably the best tech acquisition of all time. It's either that or YouTube. I guess you could argue for Apple acquiring NeXT, but that's an acquisition that isn't really able to be measured in the same way.
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by xkjkls 8y ago
I mean the only other point of buying a Patek other than showing it off is to keep it as something to give away to your unappreciative son
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by xkjkls 8y ago
Photography has been a huge hobby for decades. Is the fact that it is so much more accessible now really mean that the entire basis is proving your experiences were amazing rather than experiencing them? 10 years ago, no one every would hav
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by xkjkls 8y ago
Why do pictures depress you so much? Honestly, I think if that's the case, it says that you have some unresolved issues you probably should deal with. Part of what makes social media seem depressing is your attitude with it.
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by xkjkls 8y ago
Exactly. To be honest Instagram's hypergrowth probably couldn't have been sustained if the company didn't end up getting access to some of Facebook's engineering talent and hiring pipeline. Having 11 people try to manage
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by xkjkls 8y ago
Is Snapchat the best example? Snapchat is getting killed. Also, as it was made that Instagram only had 7 employees when they were purchased, that's actually one of major reasons why the acquisition worked so well. 7 employees for an ap
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by xkjkls 8y ago
I remember getting an advertisement for a pot shop three blocks away from me two hours before my Thanksgiving dinner. That one felt a little too real.
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by xkjkls 8y ago
I honestly feel stories are probably one of the biggest drivers of current growth. It's kind of cool to have a easy way to scroll through my friends and get an update of "oh, I guess Jeremy went on a hike; Monica is harvesting bla
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by xkjkls 8y ago
What the hell does that mean?
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by xkjkls 8y ago
Yeah, I think given their UI/model it is pretty difficult to have any long form discussion on Instagram. The "news" part of the newsfeed as always been FB's killer app. Or at least that and event planning, though I think
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by xkjkls 8y ago
The fund of funds index that Ted Seides put in already takes into account management fees -- it's what the investor will actually return. And I do think it's necessary to put this bet into context, because the ultimate question it
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by xkjkls 8y ago
That depends on if you mean securities or corporations. ETFs aren't counted as companies, and there is a hell of alot more of them than corporations.
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by xkjkls 8y ago
It was a broad fund of hedge funds, the HFRI, if I remember correctly.
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by xkjkls 8y ago
Ted Seides (who was on the other side of the bet) actually has some interesting counterpoints to make about it: https://www.bloomberg.com/view/articles/2017-05-03/why-i-los...
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by xkjkls 8y ago
I mean, that's the theoretical value that you should pay for it, but markets don't always exactly match theory.
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by xkjkls 8y ago
Still don't know of a company with trillions of revenue. Maybe Saudi Aramco.
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by xkjkls 8y ago
Yeah, but Amazon is the biggest success story possible and only has ~$250 billion in revenue.
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by xkjkls 8y ago
What the hell businesses do you know of that have the potential to make trillions of dollars? Because I'm willing to quit my job and work for them if they exist.
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by xkjkls 8y ago
Probably -- the problem is that no one actually knows the word xenocide who isn't an Orson Scott Card fan.
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by xkjkls 8y ago
Yeah, but if we're going by a business features monetization model, what would matter is the number of businesses that are signed up, not the number of users.
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by xkjkls 8y ago
If you're worth $9 billion you might make different decisions.
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by xkjkls 8y ago
That doesn't scale nearly to the $20 billion they were bought at. Yelp, which has a similar business model to what you quoted, and is more essential to businesses than WhatsApp, only has a market cap of $3.6 billion.
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by xkjkls 8y ago
It depends on what is thrown into R&D costs. For improvements and maintenance to current production lines, that would traditionally be considered as part of the gross margin. Though research into completely new production lines would no
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by xkjkls 8y ago
The problem is that it's hard to make it really look that simple. If you order a number of items at once, the shipping costs can probably be amortized throughout them. It's difficult to make an incentive system that makes customer
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by xkjkls 8y ago
I feel like they missed a Hotel California reference.
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by xkjkls 8y ago
Is that really going to be competitive against Panasonic, LG, or Samsung? All of those are in countries with better access to Lithium and cheaper engineering resources? I'd bet on those guys producing way more batteries.
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by xkjkls 8y ago
And I think a lot of us would be investors if their market cap were ~8 billion rather than ~50 billion. For a number of people who care about the electrification of vehicles, watching Elon angrily bite a short sellers who are skeptical real

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