Counterpoint: yes, Facebook has lots of public image issues. As a result, we have good evidence that they’re an org that’s unusually resistant to such problems!
They’ve been having scandals since they were founded. And in spite of all the things you mention, their market cap has almost doubled since the bottom of the Cambridge Analytica fall-out.
They’re also one of the world’s most valuable companies, and operate in a sector (software) that on an inside view seems well poised to do well in future (unlike, say, Berkshire Hathaway, which has about the same market cap).
You might have concerns about having a non-diversified portfolio in general. But modulo that, I honestly think Facebook seems like a pretty good bet.
Happened to come across this old comment thread discussion whether holding too much Facebook stock was too risky. In the four years since the comment on Sep 21, 2020, Meta stock is up >100% and at an all time high. However, before reaching that point, it also had as large as a 60% drawdown vs the Sep 21 value, which occurred in late 2022 (notably, around the time of the FTX collapse).
Counterpoint: yes, Facebook has lots of public image issues. As a result, we have good evidence that they’re an org that’s unusually resistant to such problems!
They’ve been having scandals since they were founded. And in spite of all the things you mention, their market cap has almost doubled since the bottom of the Cambridge Analytica fall-out.
They’re also one of the world’s most valuable companies, and operate in a sector (software) that on an inside view seems well poised to do well in future (unlike, say, Berkshire Hathaway, which has about the same market cap).
You might have concerns about having a non-diversified portfolio in general. But modulo that, I honestly think Facebook seems like a pretty good bet.
Happened to come across this old comment thread discussion whether holding too much Facebook stock was too risky. In the four years since the comment on Sep 21, 2020, Meta stock is up >100% and at an all time high. However, before reaching that point, it also had as large as a 60% drawdown vs the Sep 21 value, which occurred in late 2022 (notably, around the time of the FTX collapse).