Re:Facebook's TikTok-like redesign marks sunset of social ne...
by gw67 on Wednesday July 27, 2022 @05:26AM
(#32248455)
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.
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.