Like it or not, Facebook and its ecosystems of apps have taken over the world. Most of us willingly spend hours of our time on its apps. We sometimes even lose count of the time we spend on social media and chatting.
And due to that, it has grown into an advertisement behemoth. Due to its ability to keep us glued, ad revenues have been growing even during the pandemic, albeit probably slower.
But that does not mean the company is perfect. Sometimes as an investor, it is our duty and responsibility to be critical of a company. This is especially for a tech company, where it is easy to rise and easy to fall.
Platforms and applications once rendered obsolete, will no longer be able to find its way back to our lives. We all have real-life stark reminders like the MSN Messenger, MRCQ and Friendster to remind us of the aftermath of an app being obsolete through time....