abuss368 wrote: ↑Sat Oct 10, 2020 10:30 pm
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What is interesting is my kids and their friends already consider Facebook for “old people”. They do not use it and instead use Instagram and What’s App among others.
You're aware of who owns Instagram right?
One is definitely targeted to the masses, the other is very much targeted to a younger crowd, this is very likely by design not fluke.
I liken this to car companies targeting difference demo's with different brands under their umbrella, e.g. Cadillac vs. Chevy, vs. GMC.
And as for the fickle nature of tech companies wares, I'd remind everyone that Microsoft is almost 40 years old, Amazon 25+, Google 22+, FB 15+, Apple around 35 (!!). These are hardly fly-by-night companies, they've been tested with multiple shifts in the tech landscape, at times they've made missteps, (e.g. MS missing the mobile era, Apple flubbing the PC era of the 90s, Google missing the Social Networking era), but they've all recovered well and re-invented themselves.
Could they eventually get taken out? For sure, but I wouldn't put it higher than many other companies. If anything they all have very sizable moats, MS lasted a decade in the wilderness due to how large their moat was (coasting on Windows/Office/Xbox until they finally hit upon cloud + surface).
Energy & legacy auto manufacturers are far more vulnerable right now, say nothing of airlines and retail. Their PEs are high, because compared to other companies... they
earned the higher PEs over many (many) years.