Matt Cochrane - Moats and More
The Business Brew
Alphabet Is a Much Clearer Picture
Facebook's annual spending is unfathomable to me. Zuck has led through some pretty big pivots and Facebook history and done very well there. When he bought instagram I mean now that seems like chump change for a billion dollars but for years people are talking about how we overpaid for it. The E understates the cash flow right because you're out spending your your depreciation amortization by quite a bit.
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