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"The True Sign of Intelligence is not Knowledge, but Imagination." -Albert Einstein.
It takes one with foresight and imagination to foresee what Facebook would have become back in 2012. If one recognize traditional media's decline (which was becoming increasingly evident from 2013) one would have predicted who'd have benefited from it.
Facebook was probably a much better investment back when it IPOed than today.
I have divested from Facebook back in 2018 and never looked back. I think when a potential investor is looking at investing in Facebook long-term today, in addition to traditional analysis on their business model; an important question to ask is, are you fine with investing alongside Mark Zuckerberg; do you think his line of actions to date positively impacted stakeholders (political, social, psychological and financial well-being of their users, influencers, merchants, advertisers, business-partners, developers, shareholders, policy makers, society etc.) given the information, and knowledge available to him.
IMHO, if you answer is no, you are not ok with his decisions, then probably more people think the way you do (including policy makers, activists, investors, customers, employees etc.). No matter how strong your company is financially, and how much market power you command; if you incur too much negative goodwill to stakeholders, sooner or later, it will come back to bite the company, and investors alike.
(not vested)
It takes one with foresight and imagination to foresee what Facebook would have become back in 2012. If one recognize traditional media's decline (which was becoming increasingly evident from 2013) one would have predicted who'd have benefited from it.
Facebook was probably a much better investment back when it IPOed than today.
I have divested from Facebook back in 2018 and never looked back. I think when a potential investor is looking at investing in Facebook long-term today, in addition to traditional analysis on their business model; an important question to ask is, are you fine with investing alongside Mark Zuckerberg; do you think his line of actions to date positively impacted stakeholders (political, social, psychological and financial well-being of their users, influencers, merchants, advertisers, business-partners, developers, shareholders, policy makers, society etc.) given the information, and knowledge available to him.
IMHO, if you answer is no, you are not ok with his decisions, then probably more people think the way you do (including policy makers, activists, investors, customers, employees etc.). No matter how strong your company is financially, and how much market power you command; if you incur too much negative goodwill to stakeholders, sooner or later, it will come back to bite the company, and investors alike.
(not vested)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger