No. of Recommendations: 8
Now you may think it's cheap based on future growth but a lot is riding on the return on growth capital being spent.
Nicely summarized.
But one could make a case that what's riding on that rate of return is the valuation case at $350ish, not the existence and future (and future growth) of the business. If it all comes a cropper and they burn half a trillion, the other revenue streams will earn their way out of it, given time. They make a LOT of money. Meta survived...well, the metaverse...and, at a larger scale, Google could survive a pretty big AI overexuberance.
Just a thought.
Jim
