Why I bought $FB

Not investment advice.

  • Marketplace has many multiples the monthly active users of eBay
  • Shops combined with Marketplace could squeeze out Amazon and Shopify
  • Digital products are increasingly important and Oculus is awesome
  • Probably trades at a discount due to recent bad press (old media jealous)
  • P/E ratio lower than the rest of FAANG, Nike, Disney and many others

Founder led companies outperform and Mark is a fan of Augustus, who reigned for 60 years. He also learned Chinese, killed his own meat for a year and has a sense of humour.

Could you do a better job of managing 3 billion people?