Musings on Markets: META Lesson 3: Tell me a story!
CFO News Room
NOVEMBER 16, 2022
One reason is that valuation, at least as practiced, has become financial modeling, where Excel ninjas pull numbers from financial statements, put them into spreadsheets and extrapolate based upon past trends. In short, Facebook uses what it has learnt about the people inhabiting its platform to focus advertising to them.
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