On: Facebook Reports Third Quarter 2021 Results

[alangibson]

I loathe Fb as much as anyone, but if you're just looking to make money their stock is the biggest 'buy' on Earth. Their numbers only get better in the face of bad news, they've barely started tapping the potential revenue from Ig, and they haven't even begun to monetize Whatsapp.

[nojito → alangibson]

Maybe but FB/google and Apple are in the cross hairs of the DOJ and it’s likely we will see a Microsoft level ruling come down on all three of them.

[alangibson → nojito]

It's hard to say that MS was hurt by the DOJ given their current market cap.

Also, the US federal government is a shambles. They can't put together an inquiry on what lead to the seat of government being literally overrun, so I'd be incredibly surprised if they managed to take action against one of the most well funded entities on earth.

[nielsbot → alangibson]

It's started in the House anyway https://en.wikipedia.org/wiki/United_States_House_Select_Com...

[RspecMAuthortah → nojito]

You forget DOJ and the entire executive branch it reports to are pretty much bought by lobbyists, many of whom directly or indirectly work for FB and other big tech.

[alangibson → RspecMAuthortah]

That too. The technical term is "regulatory capture".

[nipponese → nojito]

I think point I think the insiders 90% "know" whether DOJ action is going to come down or not and have already built that into the stock price.

[sumedh → nojito]

They will just pay a small fine and call it a day.

[blocked_again → alangibson]

> I loathe Fb as much as anyone, but their stock is the biggest 'buy' on Earth.

Obviously has never heard of Crypto.

[alangibson → blocked_again]

> Obviously has never heard of Crypto

Obviously has never heard of revenue

[blocked_again → alangibson]

Obviously has never heard of DeFi.

[alangibson → blocked_again]

Because those schemes are going great. Keep trying though.