๐คjimmytidey๐11y๐ผ10๐จ๏ธ10
(Replying to PARENT post)
I don't necessarily think the comparison with Warren Bueffett is the most interesting thing. More that Facebook is going to become a tech conglomerate with many companies, rather than an engineering company like Google or Microsoft or Amazon.
I think that lines up with a lot of things about the situation; not least that I find it impossible to imagine "Facebook the website" dominant in, say, a decade in the way it is now.
๐คjimmytidey๐11y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
Facebook's behavior reminds me more of AOL scooping up Time Warner to survive the inevitable mainstream enlightenment and migration to the open web.
๐คYunk๐11y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
Warren Buffett has always preached valuing stocks and investing for the longer term based on what the market capital SHOULD be worth.
If Zuckerberg bought this company because he wanted it to earn him money in the long run because it is currently undervalued at 2B, then yes, I guess he is.
Edit: This disappoints me because technology shouldn't be treated like a commodity.
๐คJimmaDaRustla๐11y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
Betteridge.
๐คdavidgerard๐11y๐ผ0๐จ๏ธ0
(Replying to PARENT post)