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.
Here is some additional insight and context on the lawsuit. I have no opinion on who wins or the long term effects of any outcome because I simply do not know. I do know Reddit is the 2nd largest position in my portfolio with a $187 average.
https://www.bestlawyers.com/article/reddit-lawsuit-could-change-how-much-ai-knows-about-you/6905
Look at the growth of similar companies META (Instagram and fb), GOOG (YouTube), and TikTok (privately owned by bytedance) ….. insane revenue growth with best in market margins. Reddit has even better margins and is showing strong growth already. Social Media is engrained in today’s society and will be a mainstay for 50 years. This is the kind of “runway” Warren Buffet says you’re looking for. Can’t be more excited to own this stock. Good luck to all
It's an emerging company with proprietary tech so valuing it at p/e ratios is an unfitting way of valuing it.
It's like if you were to value FB in the early days by their p/e ratio