Comment by amanaplanacanal
9 months ago
Meta's market cap is over $1.7 trillion. Over twice as large as the whole media and entertainment industry.
9 months ago
Meta's market cap is over $1.7 trillion. Over twice as large as the whole media and entertainment industry.
Market cap is not cash in the bank.
Point being:
Meta’s market cap is higher than that of the US entertainment industry
Meta’s revenue is also higher than that of the US entertainment industry
The parent of the comment you’re replying to conflated the two