at $156B market cap someone sure is making money.
I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
So 50x Pets.com or 2x Enron.
> judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
Disagree. Unit economics matter and can help you cut through a lot of hype and nonsense. "Where's the money coming from?" is always a good question to ask. Sure, sometimes a megacorp loses money on each transaction and makes it up on float or whatever, but that's at least worth knowing if that's what's going on.
Im morally against Meta but it’s the world’s greatest money printing machine ever conceived. To say they or Uber don’t make money would be too virtue-tainted.
Im trying to say it doesn’t matter what we plebs think about these massive entities. Maybe it should but if we’re talking creating (economic) value, they clearly are.