Do you think the Chinese entity of those companies signs contracts in Yuan for ads on Facebook? No. Their US entity signs a contract in USD for it. It counts as US revenue.
They can sign contract in any number of places including Hong Kong.
Just explain to me how else Facebook can make tens of billions in China revenue with all their websites and apps blocked there.
You literally posted that the Chinese government advertises on Facebook…
Yeah right Chinese government spent $10B advertising on Facebook.
Did the Chinese government also sign contracts with Facebook in the US via their subsidiary here?
You literally posted that quote. Now you’re saying the quote isn’t true.
Chinese government accounted for a little bit of that $13B China revenue. And then your binary thinking kicks in and claims they must account for all.
Think it through a bit more. 10% of Meta revenue is how much? You really think Chinese government spending 13B on Facebook ads? All Chinese retailers like Temu and Shein wired money to US just to advertise on Facebook, while they can just do it right in Hong Kong?
They don’t have to wire money to the US. They have US operations and sales. That means they already have money in the US. Spending US money on marketing would lower their US corporate tax bill. If you don’t get it, that’s fine. I’m done explaining it.
Yup. They only sell in US? Temu and Shein sell in Europe and South America as well. So they pay Facebook in each of the 30 or 50 countries their ads show up separately? In each country with different local currencies?
And their ads team are all based in China? Probably run the same ad copy but in different languages. Interesting way to buy ads.
So? He took over as CEO on Feb 4, 2014. Since then, MSFT merely neck2neck with AAPL. No point for AAPL investors to do anything.
Better off buying NVDA.
I’m in awe of how rich Ballmer got for almost ruining the company then holding his shares while the next CEO did amazing.
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3 days ago:
Done. Luckily Number 10 Samsung is only worth $372B. A gap of $200B from Tesla. Will buy Tesla a bit of time.
Beth said it’s just Mag 4 now and Apple is not in it.
Listen to her, your stock performance would be worse than QQQ.
Surprise that NVDA outperforms BTC.
Despite evidence shows AAPL and MSFT are better companies than AMZN, GOOG and META, frequently read commentary that the latter are better investments.
5 year performance. QLD 2x Nasdaq against Mag 7.
QLD ties with Apple, and beats Microsoft, Amazon, Facebook and Google.
But got completely destroyed by Tesla and Nvidia.
23 years after IPO on Jan 22, 1999, NVDA underperforms 
a matured company. Recently, because of release of ChatGPT on Nov 30, 2022, NVDA rides the LLM/Gen AI tide.
Huge if true.
In a generic bull run, return of small cap and mid cap stocks trumps the return of large caps and mega caps in the later stage. However, not all small cap and mid cap, we need to bet on the right ones.
Instead of choosing stocks, some prefer to long small cap etfs such as IWM and VTWG.
Btw, most of the crypto miners are small to mid cap.