I've been downvoted for my analysis but absolutely stand by it and want to double-down for the record, as I think HN is very wrong about this.
Worth noting that Facebook's stock is now less than 50% of its peak price, and we're in a bull market. How is that going to look when the recession hits?
Whilst I'm sure it will continue to rake in cash for a few years, my point is that the gradient is severely negative and it will accelerate. Tik Tok will overtake Instagram this year, despite the fact that its audience haven't even reach 25 yet. That's _already baked in_ to the demographics.
The only way I'm wrong is if Facebook make a big success with a new product in-house, which they have never done. I believe they don't have the ability to do it. Their hiring and their culture are the problem, and you just can't fix culture overnight (esp with the original founder at the helm).
Facebook are not Microsoft, Google, or Amazon. They don't have the same culture. The reason they're in the same bracket is their financial success, but it's not an appropriate comparison.