[faizshah]

I mean if a business’s value is its future cash flows and the recent news was that they had decreasing users and engagement plus decreasing revenue per user due to Apple’s privacy changes I would say that the market reaction is pretty reasonable.

Also beyond Facebook, I was listening to a podcast from Saxo Bank where they talked about how this could show more broadly a trend for declining engagement and growth for social media companies as we come out of covid and people begin spending less time on their devices than they did during the height of covid.