FACEBOOK (we still call it FACEBOOK) NOTES
FB real bad coughing up. The issues: Loses daily users for 1st time…over 1 million. Young people leaving in droves. Competition for eyes…tik-tok and others. More more towards video…tougher to monetize. Goes from a growth stock to a no growth stock. (for now?) Very over-owned, over-loved, over-leveraged by institutions. This is great in bull markets…