At the low tick in November 2022, Meta had an enterprise value of ~$200 billion. It was trading at less than 2x FY25 EBIT for the core business (FOA).
It’s a business built entirely on slop, enshitified garbage ware, and monetized human depravity.
Burn it to the fucking ground and salt the earth where it once stood.
well yes, but it also makes a lot of money selling ads. The FB dip was a great opportunity for investors no matter how you slice it.
If you slice it long term I think it’s over valued. Nobody liked the product so it’s user base will erode. Not seeing a compelling AI use case for social media properties that Meta owns. Already burned on metaverse so trust in mgmt is low.
Have been hearing the user base erosion thesis for nearly a decade now...
Feb 1, 2026 16:51That’s pretty damn strong, I admit! The experience is garbage though and it just feels like yesterday. I’m a sell, but could be wrong.
Let’s check back in another decade from now.
One thing is certain: can't grow DAU's at mid-singles p.a. in perpetuity!
