What is it about the warning that advertising growth was going to “come down meaningfully”, that markets didn’t understand from last year’s guidance? Perhaps it was our old friend ‘recency bias’ at work, given the sustained high rates of top line growth through both the second half of last year and into the first half […]
Continue reading
Facebook is “responsible for the content” on its platform, Zuckerberg says Wow, now that’s quite an admission! Zuckerberg, by implication no longer sees Facebook as an open social platform to enable users to connect and share their own content, but one where Facebook participates in the ownership of that content and can impose its own […]
Continue reading
Facebook shares had a good bounce on its blistering Q1 results which, oh so conveniently, accompanied its announcement of a stock split into new non-voting C class shares. This is a similar ploy the one Vere Rothermere used a few years ago with the DMGT scrip issue as a way of enabling him (well at […]
Continue reading