STREET DOGS: Which is the better investment between Facebook and Amazon?
Despite Facebook’s phenomenal growth, Amazon may be the better investment
At the end of June, Mark Zuckerberg announced that Facebook had hit a new level: 2-billion monthly active users. That number means 2-billion different people used Facebook in the preceding month. It is hard to grasp just how extraordinary that is. Bear in mind that thefacebook – its original name – was launched exclusively for Harvard students in 2004. No human enterprise, no new technology or utility or service, has ever been adopted so widely so quickly. The speed of uptake far exceeds that of the internet itself, let alone ancient technologies such as television or cinema or radio. – John Lanchester (lrb.co.uk) Even though he was once an executive at Facebook, Chamath Palihapitiya, CEO of Social Capital Hedosophia Holdings, favours investing in Amazon instead, he has told CNBC’s Fast Money: Halftime Report. Palihapitiya says Facebook and Google face more regulatory risk, given the many retailers that compete with Amazon. "Amazon is a microscopic portion of global consumption toda...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.