Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses.
Met this guy on a plane this last summer, just casually browsing FB marketplace for excavating machinery at $50k + guy didnt have a degree or anything. Just said he moved land around for people and showed me how much he charged people per hour... Had a crew working for him, multimillionaire. Another guy I knew dropped out of highschool started a trucking business, didn't even get a GED, now a multimillionaire.
These are the bears of the world.
> When they IPO'd as FB they were a loss making machine.
lmao no they weren't, they were extremely profitable and this was even during the migration from web based to phone where they had zero ways to monetise their mobile users
They had a couple of unprofitable quarters due to employee stock compensation
This, for me at least, is the meta story all over again. When they IPO'd as FB they were a loss making machine. It took them working out their ads to turn everything around in a huge way. People are ignoring the reality of the last two reports. They are growing, and they are growing fast. The market doesn't know how to price this yet because the market is... lazy. They want things to be so clear cut and obvious. I've perhaps got too much conviction on RDDT, for better or worse. I've sold worse stocks that have rocketed up.
Wild assumptions there. Do you really think China/Russia/India is going to let Musk control their cyberspace and flow of information? FB, Google can't even get into China and neither will Starlink.
I’m in the knocking on 40 crowd and my wife and I have a really long snap streak we keep going. I also have a few friends where we’ll just snap random bullshit to each other.
It’s a nice platform to send random stuff to the homies versus making posts on fb/ig for everyone to see.