I agree. A lot of people have an unspoken assumption that there are unlimited amounts of positive EV investments for any given company to make. This also underpins the extremely common idea that dividends and buybacks are always happening at a direct cost to growth and R&D.
I agree. A lot of people have an unspoken assumption that there are unlimited amounts of positive EV investments for any given company to make. This also underpins the extremely common idea that dividends and buybacks are always happening at a direct cost to growth and R&D.
Meta has Facebook and Instagram, and Facebook has been slowing down for a while. Everything else is neutral, a net loss, or not very significant.