Fang, ant, bat

#689

Perhaps in 2024, we can look back and say if harriet thought FB was too high back in 2018 she was just crazy…

#690

That’s not even close to insider trading. The time that passes between then and going public is years and years these days. Any info wouldn’t be material or relevant anymore by the time they are public. Plus, they have to disclose so much info to go public.

#691

Sure, by then hopefully I have at least two rental properties already so I could care less… :slight_smile:

#692

What is the word for when you admit you’re wrong by making a certain statement even though that statement didn’t say you have admitted wrong?

#693

You never know who’s wrong until 2024. Besides, admitting you’re wrong is no biggie. That’s better than pretending you are wise even though you are not.

#694

save face?

#695

Netflix beat. Stocks up 8% AH. :sob:

#696

:rofl:

#697

How is their SG&A spend more than 2x the R&D spend? All the cost of producing content should be under cost of revenue. That’s weird. It’s unusual for a company that doesn’t need a huge sales force to have so much SG&A spend.

#698

To this day I still don’t understand Netflix. Oh well. Win some and lose some.

#699

There’s no need to understand anything. Do you really need to know how an internal combustion engine works in order to drive a car?

#700

Well at least I need to make sure the engine doesn’t blow up on the road?

#701

Well if it ever did just call your insurance company and have it towed… :laughing:

#702

Highly compensated executive team?

#703

+1

#704

Over 50% of evening internet traffic in the US is Netflix. It’s no different than HBO, Showtime, Hulu, or any other premium service. The produce content and charge and monthly fee for people to view it.

#705

Of course we understand what it does. The puzzling part is its valuation. It has about the same market cap as Disney.

#706

What about AMZN’s valuation? It’s about the same market cap as APPL. Also very puzzling indeed… :laughing:

#707

Used to be puzzled by amazon too but enlightened by Chamath.

#708

Hello @manch, how are you feeling today? Do you have the urge to scream? :slight_smile: