> I don't think people understand how the economics of these apps (and websites) work
That is unfortunate, due to Mark Zuckerberg has redefined the successful business model. META is on track to clear $80 billion per year in net profit. Like it or not, they have a mutually beneficial relationship with advertisers and investors. It's like a Unicorn reproduced with an ATM. It's one of the stocks that seem like neutral ground for institutions, like TSLA. There has to be a high table where those guys talk on phones carried in suitcases.
To put $80 billion per year in perspective, that is approximately the amount of annual federal Medicare matching funds reimbursement for the state of California (Cal-Aid).
*Medicaid, not Medicare. And the actual amount is $85 billion, due to Medicaid is available to nearly anyone, and it is only a coincidence it is the reason for the government shutdown.
That is unfortunate, due to Mark Zuckerberg has redefined the successful business model. META is on track to clear $80 billion per year in net profit. Like it or not, they have a mutually beneficial relationship with advertisers and investors. It's like a Unicorn reproduced with an ATM. It's one of the stocks that seem like neutral ground for institutions, like TSLA. There has to be a high table where those guys talk on phones carried in suitcases.
To put $80 billion per year in perspective, that is approximately the amount of annual federal Medicare matching funds reimbursement for the state of California (Cal-Aid).