Isn't that a sign that they are not investing/growing fast enough?
Could be a sign that they're doing so well it's not possible to invest it all effectively. Could also be a sign that they are transitioning to a mature company, where hoarding money means having a long runway to respond to market changes without going under (or begging investors for capital to keep you afloat).
Can someone tell me why this is being downvoted? Confession of a strongly held false believe and updating on evidence saying otherwise is a good thing, isn't it? Downvoting that seems weird to me.
Probably because he led with "That's slightly annoying." At a quick glance, it looks like he's annoyed that Facebook is doing well (which would just be petty and deserving of a downvote) as opposed to annoyed with himself for holding an incorrect belief so strongly.
downvoting that benign statement is petty.
I didn't downvote it, but I'd argue the comment had no actual content in it.