The entire $FAAMNG business model is geared to keep us all glued to screens.
That's how it makes money.
For that it needs engagement.
It thrives on outrage, emotions & fear & drama. Ratings.
So is it any wonder society is getting ever more fragmented & angry?
It's the goal.— Sven Henrich (@NorthmanTrader) July 12, 2020
AMZN and NFLX and everybody else pic.twitter.com/taRaQ3Cp1m
— M/I_Investments (@MI_Investments) July 13, 2020
Just to put things into perspective: #Tesla is priced at 6,348 times 2019 earnings. Stock is priced at 166 times 2021 earnings, 20 times book value, & 7* sales. Toyota, biggest auto comp by mkt value after Tesla, sells for 61% of sales & 91% of book value t.co/cnGA3OVGkz pic.twitter.com/R1FPPFDbTN
— Holger Zschaepitz (@Schuldensuehner) July 13, 2020
IS THE RUSSELL 2000 EXPENSIVE? pic.twitter.com/MfyAo8yMiF
— Win Smart, CFA (@WinfieldSmart) July 13, 2020
EUPHORIA pic.twitter.com/NiZ12rQBWM
— Win Smart, CFA (@WinfieldSmart) July 13, 2020