I have been a net-buyer of Facebook (FB) shares since ~2013, but three weeks ago, I sold everything. I am working on an episode of Compound Money Quietly that explains my reasoning in complete detail, but I want to give you a preview. This post includes timeless investing wisdom from Warren Buffett and Charlie Munger.
‘ [00:31:02]When it comes to, the iOS 14 changes, for example, and their impact on our business, I think the reality is that I'm confident that we're gonna be able to manage through that situation. And we'll be in a good position. I think it's possible that we may even be in a stronger position.
[00:31:16]If Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms.
[00:31:30]But the thing that I've been mostly focused on is that a lot of these changes are going to make it harder for small businesses and developers. And I think the situation is going to be challenging for them to navigate. And, I just think it's one of the reasons why Facebook has been a bit outspoken on this is, there are certain principles that we care about and empowering individuals is one of them.’
Thanks for this comment. I will try and put all my thoughts together in podcast-form. I am going to cite your comment, too. Appreciate you supporting CMQ.
Does this change your post?
https://constine.substack.com/p/pressclub-with-mark-zuckerberg-daniel
Facebook:
‘ [00:31:02]When it comes to, the iOS 14 changes, for example, and their impact on our business, I think the reality is that I'm confident that we're gonna be able to manage through that situation. And we'll be in a good position. I think it's possible that we may even be in a stronger position.
[00:31:16]If Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms.
[00:31:30]But the thing that I've been mostly focused on is that a lot of these changes are going to make it harder for small businesses and developers. And I think the situation is going to be challenging for them to navigate. And, I just think it's one of the reasons why Facebook has been a bit outspoken on this is, there are certain principles that we care about and empowering individuals is one of them.’
Thanks for this comment. I will try and put all my thoughts together in podcast-form. I am going to cite your comment, too. Appreciate you supporting CMQ.