Do you know what the concept of time value of money means?
The further out into the future you go, the less valuable the returns are when taken back into the present.
The reality is, Mr Zuck is a manager who is there to invest the cash of its shareholders on their behalf into projects that beat the hurdle rate. Shareholders dont care abut how cool the tech is.
But, again, he is effectively the majority shareholder.
That power means literally everything. Facebook is his company in every sense of the term and if investors don’t like that then that’s their problem, not his.
The further out into the future you go, the less valuable the returns are when taken back into the present.
The reality is, Mr Zuck is a manager who is there to invest the cash of its shareholders on their behalf into projects that beat the hurdle rate. Shareholders dont care abut how cool the tech is.