Facebook Inc.

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Source: https://www.forbes.com/sites/zakdoffman/...8e9c033623


Facebook's business model lately has been "gathering as much private information as we can get away with from our users". In fact, it has always been this way if you have been observing Zuckerberg for awhile (https://www.esquire.com/uk/latest-news/a...ta-dumb-f/). Instead, they could have accreted much more shareholder value, by, say: making their product more useful to their users; making the best interest of their users and advertisers aligned; disrupting more industries etc.

This is why I'm not invested in Facebook, despite their quasi-monopoly status, attractive valuation, and growth prospect.

2c.

(ex-investor)
“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
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Well, it is probably no big deal, because if you want to do online ads at scale, there isn't really a lot of choices outside of Google (placements, ads, youtube) and FB (ads, instagram feeds). These guys have monopolized the online space, and there isnt really alot of other choices as these tech giants are still providing value to them.

Zuckerberg outlines how Facebook will thrive after Apple privacy change

Facebook is not getting into commerce because it wants to compete with the likes of Amazon or Walmart. In most cases, Facebook only charges a 5% fee that covers things like taxes and payment processing. The point isn’t to make money from sales but from advertisements that promote those products.

Indeed, although Facebook has groaned and griped for months about Apple’s iOS 14.5 changes, CFO David Wehner on Wednesday told analysts “the impact on our own business we think will be manageable.”

https://www.cnbc.com/2021/04/28/zuckerbe...-push.html
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