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A comment on Meta shares drop 20% on Q4 earnings miss, weak outlook. Parent comment

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by skinnymuch on Wednesday February 02, 2022 @08:59PM (#30187438)
Which sort of pundits? You said "pundits...their monopolies". Are you referring to people with a vested interest in the companies/monopolies? If so, that makes sense. They have no reason not to say that, whether they believe it or not.

Yes you're right. However on HN and similar tech/geek areas, the common theme regarding FB for a decade now has been direct or indirect implying of its coming demise. Which was what I was saying in my comment. Those people are not correct. It is being said in this thread and other recent threads too. If FB is still a $5-600B+ company in 2025, then these recent comments are also not correct.

Which is to say, it's hard to imagine FB dropping lower than the ~11th biggest US company and ~15th biggest worldwide[0] company at a $600B market cap in 2025. A valuation they did not cross until May 2020.

[0] Right now they are 8th in the US and world. Top 5 for earnings. Usually 5th-6th.

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Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by WalterBright on Thursday February 03, 2022 @02:02AM (#30189559)
I've been online on tech groups for 40 years. It's always the same thing - the current crop of tech companies are unstoppable monopolies.
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Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by skinnymuch on Thursday February 03, 2022 @04:54PM (#30199507)
HN, Reddit, Twitter, Tumblr, and similar places online have been talking about the downfall of most of the tech giants and a plethora of sizable medium sized tech companies: Netflix, Paypal, Adobe, Salesforce, Oracle, Atlassian. I'm sure I'm missing a bunch. Besides Atlassian, the rest are all $150-300B companies right now. That's been the same thing for ~15 years now. That's how long I can attest to that behavior for.
[ Parent | on HN ]