[gmerc]

Apple is valued leaps and bounds over the others. For having half the world on Meta, it’s a shit performing business

Apple also does not slaughter golden cows, they execute with long term vision and they slowly agressive with competitors not users.

Also haven’t laid off.

So really, they are in a category of their own.

[HDThoreaun]

Meta makes $30 billion a year. It is not a shit performing business. In fact it is one of the best businesses in history. Their stock bounceback isn't because of the layoffs, it's not because investors were actually worried that meta's business was bad. It was because they worried Mark had gone rogue and since he's the controlling shareholder investors have no way to stop him. The layoffs were just the way for him to signal that he still has investors interest at heart.

[gmerc]

For having half the world on it, it’s a shit performing business.

Ironically that part of the racket - everyone thinks they should be performing better in the future, aka growth. But objectively almost every bet for unlocking money failed (commerce, libra, web3, messenger, motors, real estate, sports, news) - the ones that didn’t were forced on them by Tiktok showing them how it is done.

It’s a badly run business, yes one that has a money printer, but badly run nevertheless