FB stock returned near IPO price (2017, 150$). Investors believed for 5 years to the "growth first, profit later" theory. But now, another competitor (TikTok)

FB stock returned near IPO price (2017, 150$). Investors believed for 5 years to the "growth first, profit later" theory. But now, another competitor (TikTok) is stealing their market share and profits for FB will never arrive. This is also a confirmation that not always focusing on growth will give you confidence on market share.