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at $156B market cap someone sure is making money. I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-sta
by apsurd 15d ago
at $156B market cap someone sure is making money.
I've no say in the manner in which they ran/run their business but judging a mega-corporation on lemonade-stand level accounting is a fool's errand.
- 33MHz-i486 15d agothank for your lovely ad-homenim and downvote. truely a thoughtful intellectual debate on the merits of the premise.
- apsurd 15d agodownvote isn’t personal. it takes more than one to become gray. Im trying to say it doesn’t matter what we plebs think about these massive entities. Maybe it should but if we’re talking creating (economic) value, they clearly are.
- lmm 15d ago> at $156B market cap someone sure is making money. So 50x Pets.com or 2x Enron. > judging a mega-corporation on lemonade-stand level accounting is a fool's errand. Disagree. Unit economics matter and can help you cut through a lot of hype and nonsense. "Where's the money coming from?" is always a good question to ask. Sure, sometimes a megacorp loses money on each transaction and makes it up on float or whatever, but that's at least worth knowing if that's what's going on.
- apsurd 15d agoAgree due diligence is required. FTX, Theranos, Enron are a reality. But it’s also tempting to color the assessment with virtue. Im morally against Meta but it’s the world’s greatest money printing machine ever conceived. To say they or Uber don’t make money would be too virtue-tainted.