Comment by aspenmayer 2 days ago
That was my point, if someone thinks that Meta is overvalued, they can put their money where their mouth is. The fact that the share price hasn’t cratered is a kind of collective belief in the opposite.
"The Zuck" can't be removed — he has more the 60% of the votes![0] The board stupidly voted to do so a few years ago.
[0]: He only has about 13% of the shares, but the dual allocation means that his class B shares are worth 10 votes. And he owns 99% of those shares. https://observer.com/2023/06/mark-zuckerberg-2023-shareholde...
Edgier prediction: Meta is too (big, but more importantly) relevant to (be allowed to) fail, because it can be co-opted by TLAs due to its apps being pre-loaded on mobile devices.
There were a lot of things too big to fail
Lehman brothers, Enron.
When this bubble pops, its going to be absolute chaos maybe just like last time
It will be chaos for those working at Meta and those invested in them too much without an appropriate hedge. I doubt I will notice much, to be honest.
Even if Meta tanked, unless Messenger/Whatsapp stop working, it’s kind of beside the point how much their stock trades for. Everyone will just use whatever has or keeps the most public interest, whether that is Meta-owned or something else.
The worrying aspect is that for Meta to really tank in value, the shit has to have already hit the fan, and it probably would not be isolated to Meta.
My point in my prior comment was that Meta serves the purposes of the IC status quo just by doing what they’re already doing. Cloudflare too, in a way.
I can't/won't short the stock because shorting usually is for 14 days etc. and I can't be certain in that timeframe about meta or any company
I mean, theoretically you could short a company for a really long time it seems like, I just searched, I always assumed it to usually be of 14 days but still.
Isn’t that the reason options even exist? You need to know you won’t starve and die if your harvest doesn’t come in. I’ll admit that I’m no expert on finance and innovations in financial instruments, but I think short selling has been around in some form or another for centuries.
https://en.wikipedia.org/wiki/Short_(finance)
> The practice of short selling was likely invented in 1609 by Dutch businessman Isaac Le Maire, a sizeable shareholder of the Dutch East India Company (Vereenigde Oostindische Compagnie or VOC in Dutch).
Edgy prediction: Meta is irrelevant and on a path to even further irrelevancy, and, fingers crossed, a bankruptcy or at least Zuck being removed as the main man