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by Azsy
1578 days ago
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> but everyone would think "Oh it's Facebook they'll get back in the game soon, better buy now" Not everybody. I've been in the "Facebook is overvalued" camp for many years. It has never been a forgone conclusion that Facebook is an institution that would be relevant for decades. Something its share price would suggest. Its core product (high value & high volume groups to advertise too) can largely disappear within a year, and the only semi-effective coping mechanism it has displayed is buying new brands. |
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