Day 5 of the FTC trial rounded out the WhatsApp story, taking us through an admitted rumor, a timely run-in that leaked a Google meeting, and some very rich VCs.
One of the better articles here to me on the Goggle and Meta trials. This one really exposes the games Wall St and Silicone Vally have been pulling off for the last 20-25 years. I think it was in the late 1990's with the "cable cowboy" John Malone really getting the "Growth stocks" phenomenon going. Value stocks? no growth is the way to go. My $10 stock will be $100 in 3 years. As the Wall St boys jumped in and basically did the new version of pump and dump. Except here they pumped these platforms up and sold them to each other in this group over and over. I mean, 20 years before Amazon even turns a profit? Really? New version more sophisticated way of doing pump and dumps like Joe Kennedy and his buddies did back in the 20's. Kennedy is looking down laughing his ass off.
This article is great at reflecting this scheme. And this has been done numerous and numerous times with these guys over the years.
Really helped too after the 07/08 crash and these guys got even more money to play these games. Plenty of juice in the system with all of the cheap easy money.
We need to return to value investing. It's honest and the truth.
In the book "No Filter: The Inside Story of Instagram" writer Sarah Frier wrote that Mark Zuckerberg always wanted his baby "Facebook" app to be the top app at the company and prevented Instagram and Whatsapp from competing after he both them.
The whole book is filled with tons of great stuff for this case.
She writes all about it. Has anyone questioned her?
One of the better articles here to me on the Goggle and Meta trials. This one really exposes the games Wall St and Silicone Vally have been pulling off for the last 20-25 years. I think it was in the late 1990's with the "cable cowboy" John Malone really getting the "Growth stocks" phenomenon going. Value stocks? no growth is the way to go. My $10 stock will be $100 in 3 years. As the Wall St boys jumped in and basically did the new version of pump and dump. Except here they pumped these platforms up and sold them to each other in this group over and over. I mean, 20 years before Amazon even turns a profit? Really? New version more sophisticated way of doing pump and dumps like Joe Kennedy and his buddies did back in the 20's. Kennedy is looking down laughing his ass off.
This article is great at reflecting this scheme. And this has been done numerous and numerous times with these guys over the years.
Really helped too after the 07/08 crash and these guys got even more money to play these games. Plenty of juice in the system with all of the cheap easy money.
We need to return to value investing. It's honest and the truth.
Great read thank you.
Agreed, albeit there is little chance Joe Kennedy is looking "down".
https://www.simonandschuster.ca/books/No-Filter/Sarah-Frier/9781982126810
In the book "No Filter: The Inside Story of Instagram" writer Sarah Frier wrote that Mark Zuckerberg always wanted his baby "Facebook" app to be the top app at the company and prevented Instagram and Whatsapp from competing after he both them.
The whole book is filled with tons of great stuff for this case.
She writes all about it. Has anyone questioned her?
Thanks for this!