Loading ...He Said:
“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments,” said Zuckerberg.
“Unfortunately, this did not play out the way I expected. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”
Mr. Copper says:
The economy Zigged so they Zigged. Then the economy Zagged, but they were still Zigging. Thats how it goes with a fake zig zag economy.
Bitcoin too, same thing. Maybe the littles guys will go back to hoarding Silver instead of stupid bit coin. Isn’t it amusing how the tables have turned? Now the regular FANG people are getting a taste of what precious metals investors have gone thru for decades. As they say, what goes around comes around?