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Comment by paulpauper | Hacker News Reader

wtf..up 11% in AH to $440.

Which is on top of 300% gains from 2022 lows. Those YouTube Meta obituaries were the worst possible timing ever. (Looking at you Coldfusion https://www.youtube.com/watch?v=g_i1alH5TrA )

It goes to show how just because something appears overbought does not mean it cannot keep going higher

Meta firing on all cylinders: Near-total dominance of social networking, chat, mobile ads, and now AI. Those mobile ads are so expensive, and multinationals and other large companies spending so much $ on clicks and impressions. High inflation pure top line growth. Crazy. It's hard to find a company that that is in a better position than Meta now. Maybe Nvidia.

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disclosure: am investor

It's one of those stocks that people love to emotionally say is "over" without quantification. And very loose analysis like "I don't use facebook.com anymore" or "metaverse VR is not good".

I personally love the cycles of discount every 3-5 years when the new outrage happens, and just look at the fundamental numbers on the business before buying a few more shares.

Btw, not sure who Coldfusion is, but looks like they got 1.7M views on that video. So however "bad" the analysis is, it sure looks like a good way for him to make money.

Clickbait = more views and revenue for video creator. Bad investment advice for everyone else.

> It's hard to find a company that that is in a better position than Meta now.

Meta has no browser. No mobile phone OS. No big email userbase (where the valuable business stuff is sent, not the "zomg lulz cats pictures"). I think Apple, Microsoft and Google are all way better positioned than Meta.

> Near-total dominance of social networking, chat, mobile ads, and now AI.

Social networking, OK. Although LinkedIn is MS and, once again, that's where the real juicy stuff is. Mobile ads: dunno, maybe. But around me everybody has Telegram (EU here and it's not the first country in the EU where I notice that). Telegram is growing quickly: 800 MAU. AI: I know Meta just ordered a shitload of big stuff from NVidia, for billions and billions... But it seems to me OpenAI is still ahead. Is Meta even ahead of Mistral/Mixtral? (a tiny company with a mere 300 million EUR in funding).

That said I did buy Meta at around $100 when the tech crash happened. I hate Meta, but now the Zuck is working for me ; )

In all honestly, I recently launched two campaigns. One on Meta and one on Google. It's for a niche app I worked on as part of a European Project. Meta went straight up and is giving me good traffic. Google keeps refusing it saying the messaging is unclear. I've been trying for a week to update the messaging and description to make it 'clearer', and they keep rejecting it. After yesterday I gave up on Google, I have no idea what they mean and what they want.

I got banned for basically life from Google adwords after I messed up some sort of payment configuration. Literally used an expired credit card on accident/something like that. Instant ban with no communication

Amazon burns and churns through employees, Google burns and churns through paying customers. Guess which one holds better in a bad labor market.

Same experience trying to advertise an Airbnb. Went round and round with a Google ad "support consultant" as they messed up our campaign multiple times, meanwhile happily spending hundreds and getting ROI for it on Instagram.

> Went round and round with a Google ad "support consultant"

Apparently those in the industry know all about them and advise their clients to stay away from them.

Like you I wish I knew this before they ruined our account so bad we needed to start a new pixel with an agency.

Wait, what ?

There are ads on Airbnb? As in, I am looking for a place to stay and there are ads shown to me?

I use Airbnb but I also use ublock so … I would otherwise see ads?

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