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by nemothekid 1327 days ago
>Can someone make an argument against buying at this price point?

The only way I see them recovering is regulatory action, either:

1. The White House bans tiktok, (hopefully, in FB's case) shifting TikTok's eyeballs to Instagram.

2. The White House forces Apple to undo informed tracking consent.

Personally, I believe Facebook was digging their own grave in 2010 and handled the privacy problem incredibly poorly. While consumers were unlikely to stop using Facebook, it left them wide open for Apple to kneecap them and now Zuckerberg's, likely correct, concerns that Apple doesn't really care about privacy falls completely on deaf ears.

2 comments

You understand both Tiktok and Facebook operate in the global market, right? Only about 10% of Facebook's DAUs are in the USA.

Neither of the things you mentioned have any impact on 90% of Facebook's users.

There has been a lot of discussion and bipartisan political will to force Bytedance to sell TikTok to a US company.

Zuck needs to push his lobbying minions to make that the full-court press on Capitol Hill.

Wasn’t that just some random Trump brainfart that went nowhere and was officially taken off the table?
Just like when Trump brainfart'ed and told Germany that Russia was going to wield its energy dependency as a realpolitik ploy, and was called a idiotic shill for it?

And that's exactly what happened...?

The president, orange or grey, is privy to information we are not.

Tiktok is a national security threat; orange-man-bad isn't a staple in any useful political discourse.

You seem to have replied to an argument nobody was making.