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November 27, 2019 at 6:13 AM #482
FB has a very shallow, very narrow moat around its business. It is a technology company in the same way pets.com was: they have a web server (yeah, more than one). The business has a market capitalization approaching $600 Billion, with revenues based not on innovation but advertising revenues and the sale of harvested personal information. Someone will build a better social network, or something similar, and FB will collapse. It could begin with the next revelation over their abuse of personal data.