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b_b · 755 days ago · link · · parent · post: "Many companies change strategies because they lost money. Meta is losing money because it changed strategies."
Seems like a lot of these Silicon Valley self-professed lovers of sci-fi pretty much always identify with the villains. I thought the comments on the article were illuminating. Several people pointed out the the stock rout has brought the P/E to 8 from over 50, and that maybe the transition to Meta was just a market signal that the party is over, and Meta no longer deserves its highly inflated stock price. Silicon Valley has long needed a major stock price correction based on things like fundamentals. Meta was first, but will they be last? In the era of no-longer-free money, I would think not, but I’ve been wrong on the tech industry in almost every prediction I’ve ever made.