10-27-2021, 08:10 AM
(10-26-2021, 12:02 PM)Kerim Wrote: Very tempted to open a position in FB at these levels. And I've never had a problem with sin / evil stocks. I own lots of tobacco, oil, fast food, defense, alcohol, etc. And some big tech (AMZN and GOOG) too. But FB is testing me -- it is the first time I can remember balking at profiting from what a company is doing. If it goes much lower, I'm sure I'll be able to get over it...
Longer term I wonder what impact government will have on these social media giants. Will FB ever get broken up as a monopoly or will their 230 protections go away? Will the Trumpster’s new adventure hurt them? They seem to have many foes and controversies at the moment, I would worry one or more of these will eventually kill their growth as corporations and folks tire of it and abandon them.
I had a large position in Fangs from a BC Growth fund for quite a few years until late 2020 so benefited from these companies, most of which I truly despise. I guess my ESG meter is broken when it comes to profits!
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