Despite some critics’ glee at the latest earnings report, the planet’s most powerful business remains unstoppable
Imagine running a business that generated $13.2bn in revenue in one quarter – a 42% increase over the same quarter a year before. And imagine that it reported a 31% jump in profits over the same quarter last year.
Now watch as many allegedly smart people dump your stock because they think the future of your company looks bleak. We live in stupid times. Only dupes pay attention to one-day moves in any stock, or even whole sectors. I can guarantee you no one inside Facebook is panicking. No one on its board of directors is worried or is demanding a shift in course or Mark Zuckerberg’s resignation. If anything, institutional investors are getting ready to buy Facebook at a bargain.