OT: The Facebook Papers

[StickyBun]

https://www.cnn.com/2021/10/25/tech/face...index.html

https://www.cnn.com/2021/10/25/tech/face...index.html

[Guest]

Here is what really matters...

Trading at over $326 a share as of now

https://finance.yahoo.com/quote/FB?.tsrc=applewf


In a broader view, many 401k's are pretty happy today, especially with a little Tesla sprinkled in:
Wall Street is brushing off concerns about Facebook. The Dow and S&P 500 both hit record highs Monday — while Tesla shares soared to a new all-time peakabove $1,000 and sending the company's market share past the $1 trillion level.
The Dow was up more than 75 points, or 0.2%, Monday afternoon and is now within striking distance of topping the 36,000 level for the first time. The S&P 500 rose 0.5% and the Nasdaqgained 0.9%.

Tesla (TSLA) shares surged following the news of a deal to sell 100,000 electric vehicles to rental car company Hertz. An upgraded price target for Tesla stock from influential Wall Street auto analyst Adam Jonas of Morgan Stanley helped boost Tesla too.

Tesla leapfrogged Facebook in the process to become the fifth most valuable company in the S&P 500. Only Apple (AAPL), Microsoft (MSFT), Google owner Alphabet (GOOGL) and Amazon(AMZN) are worth more than Tesla.

[Guest]

@purplefaithful said:
Here is what really matters...

Trading at over $326 a share as of now

https://finance.yahoo.com/quote/FB?.tsrc=applewf

It was $245 in January. Its a tough stock to keep down. 

[Guest]

They just want to be able to introduce new regulations to
encourage more censorship and spying on users and to prevent startups from
being able to compete in the market.  It’s
not too hard to make alternative social media platforms where you can post
whatever you want.  It is hard to make
social media platforms that enforce strict rules on what can and cannot be
posted.