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When govt charges a company for anti-trust, it reinforces modern day investors that they have moat and start putting more money into the company 🙂 Look at GOOG
Given that there are plenty of competitors in the social media space whom Facebook contend with (we’re using one right now), I’m interested in what the arguments will be. Can a legitimate antitrust case be made against them?
Just buy the dip. Happens every time.
I think it is time to buy FB. These media news is FUD, DOJ sued GOOGL in October(?) and stock went up by 3% on that day and another 1% after hours!
Many will say that all tech companies getting sued is nothing. But if you look at AT&T Bell, the same was said, many times, until it was actually broken up. And that led directly into IBM and texas instruments. Then they got into a bit of hot water right around the time that Microsoft was born. Then when Microsoft was handcuffed, google, facebook, new apple, and even netflix came onto the scene by the space opened by a constrained microsoft.
The same will eventually happen with big tech, probably sooner than later. So treat each case of antitrust as a nail in the coffin.
Fully expect FAANG to fall within 10-15 due to antitrust. Probably after everyone realizes china is entering a lost decade 2025-2035…