As Mr. Zuckerburg is caught with his thumb in his mouth in the fetal position in his Palo Alto mansion, long-onlys are saying “I told you so”. When it comes to FANG, the band is splitting up… and this is not a Destiny’s Child situation. LaTavia and LeToya are out but, where is Michelle… MSFT is that you? After years of blissful gains, music to the ears of many… Ching-a-Ling style, F&G are bowing out with their heads down low and making an embarrassing exit off stage left.
Facebook and Google, have been taking the short-sighted risk of relying on digital advertising at incredible degrees…FB even more so than GOOGL. “Digital advertising accounts for 98% of Meta’s revenue, and it also accounts for 81% of Alphabet’s. Of the world’s five biggest tech companies, including Amazon Inc., Apple Inc. and Microsoft Corp., Facebook and Google are the least diversified.” (BBG Opinion, 2/3/2022) The rest of the world is catching up and learning that you don’t have to be highly concentrated in one revenue opp to be a sexy growth company. Perhaps Zuck-followers were too busy scrolling through their insta accounts to see that the answer was right in front of them, on their iphone… AAPL! Amazon, Apple, and Microsoft “Amazon and Microsoft look far more likely to be in their current dominant positions in the next half decade — thanks to their diversified positions — than Facebook or… Google.” (BBG Opinion, 2/3/2022)
So, you know where to find me, with my nose in Web3 for Dummies until I know better.
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