2min chapter

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Elon’s Taxes, Infrastructure Week at Last, and Friend of Pivot, Mark Mahaney

Pivot

CHAPTER

Facebook

Facebook trades is something like a 25 % discount to gogle, even though they have a similar growth profile. So the market's already pricing in a lot of regulatory, a reputational risk into facebook shares. As an investor looking at it, you've got a fair amount of downside protection. Amazon, as the stock has traded sideways for almost 18 months now, and the business has continued to grow. I think when you get a good corps asset, if you were to pick one of these companies and hold it for the next five years, the one with the best market opportunities, the best management, ean best track record, you'd pick amazon. And when you see

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