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Facebook Declared War on Apple, and It Just May Signal the End of Facebook

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131–140 of 195 posts

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#131
It's not likely to be the end of Facebook. What's the alternative? WeChat? But it may make Facebook less profitable.

Facebook probably doesn't really need info from tracking users outside Facebook. They already have plenty of info about what people are doing while logged into Facebook.

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#132

Earlier quoted context omitted.

Why is it not feasible to short Tesla?

The market can stay irrational longer than you can stay solvent.

Isn't that a market failure then? If the founder and CEO of the company says the company is over-valued, there should be someone in a position to capitalize on that information.

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#133
post #130

Earlier quoted context omitted.

Why is it not feasible to short Tesla?

Because it assumes a rational market. And the market can stay irrational longer than you can stay solvent.

who is this a quote of? seems like common knowledge here.

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#135
post #100

Earlier quoted context omitted.

There are limits to what you can do with superior but imperfect knowledge though. E.g. everyone knows Tesla stock is overvalued - even Elon tweets about it. And yet it's not really feasible to profit off this knowledge.

Why is it not feasible to short Tesla?

I know a lot of people meme about the Reddit Wall Street Bets community, but if you want to see a stream of people losing money trying to guess TSLA’s downfall, that’s a good place to start.

There are also lots of examples there of people gambling on TSLA shooting to the moon and making a killing this year.

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#136
post #130

Earlier quoted context omitted.

Because it assumes a rational market. And the market can stay irrational longer than you can stay solvent.

who is this a quote of? seems like common knowledge here.

I believe John Maynard Keynes

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#137
post #68
post #36

Earlier quoted context omitted.

> They can’t hire people with good ideas anymore because as we know money isn’t a great motivator This is not entirely true. I have seen excellent people go to Facebook because they gave out the highest offers. Now whether they get people with good ideas is something I don't know.

I spent five years golden handcuffed at Facebook and hired a large number of brilliant, driven people there. Most of them are still there because of the obscenely large sums of money Facebook pays to keep them there. Note that Facebook does not do counteroffers, and instead makes sure to keep the best people financially motivated to stay each year.

What exactly does that mean, "Facebook does not do counteroffers"?

So you name an amount and either take you or not?

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#138

Anyone who can successfully predict downfall of large publicly traded companies can work for a hedge fund and make tens of millions of dollars a year. Anyone who cannot predict such events can write articles for a magazine claiming otherwise. At least it helps sell their speaking and consulting engagements.

It's also pretty naive reasoning. Author thinks a significant enough number of people are going to care? Facebook has survived- no, thrived despite multiple public scandals, some of which were far more substantive than complaining about Apple's privacy policy.

A few months ago, I would have completely agreed with you. But the number of facebook addicts that I know that have quit facebook recently, are starting to make me rethink my position on this. I know it's just anecdotal, but maybe it's also not.

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#139
post #130

Earlier quoted context omitted.

Because it assumes a rational market. And the market can stay irrational longer than you can stay solvent.

who is this a quote of? seems like common knowledge here.

Often attributed to Keynes, though it looks like it was likely Gary Shilling:

https://quoteinvestigator.com/2011/08/09/remain-solvent/

Re: Facebook Declared War on Apple, and It Just May Signal the End of Facebook

#140

Earlier quoted context omitted.

The market can stay irrational longer than you can stay solvent.

Isn't that a market failure then? If the founder and CEO of the company says the company is over-valued, there should be someone in a position to capitalize on that information.

Not really a failure. It's important to realize that people are not necessarily always paying for the 'actual value of a company' (subjective itself) but for what other agents will be willing to pay for the stock. If that value is higher than the current price, they'll buy.
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