Facebook is really cheap now. Plus, they have no debt and lots of cash.
But, if we forget the numbers that investors like to see, who's still active on Facebook?
I thought about that yesterday, and I realized that probably 90% of my Facebook friends aren't active anymore. They post a family picture twice a year and they share stuff about gofundme when one of their relatives has a disease. That's about it.
Of course, Facebook is more than Facebook. It includes Instagram, Messenger, Whatsapp... But are them really a trend?
So, in retrospective, as cheap as Facebook may be, I have some trouble to see interesting growth there. It's mature and, not exciting anymore.
Is it the new ICQ?