Can we finally agree that 'currently cool' is no longer a moat, and stop giving ... | Hacker News

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		jakey_bakey on Sept 2, 2022 \| parent \| context \| favorite \| on: Evaluation of TikTok vs. Instagram Reels Can we finally agree that 'currently cool' is no longer a moat, and stop giving insane 10x price/sales valuations to social media companies on the promise of eternal future growth / profitability.

throwaway_4ever on Sept 2, 2022 [–]

You're talking about companies other than Facebook, right? Because Facebook is 3.6x price/sales with double digit growth still.

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