David Rosenthal: belief

Transcript context

…Am I leading the witness too much here? Put a pin in that. We are going to talk about Apple and Facebook in just a little bit here. Now I said it a minute ago that the journey to $500 billion in market cap from here is a straight line. If you look at the market cap chart that’s true, internally within the company, I think almost certainly not there are a couple of big challenges that come up along the way. During this period, you’ve got Snap and you’ve got WhatsApp, both of which are pretty big deals. We’ve covered both of those pretty fully on separate episodes that you can go listen to. Obviously, Snap was more a competitor and WhatsApp turned into an acquisition and is now a big part of Meta and part of the company. But I think together what they represent was this next fundamental shift in the consumer social landscape, which Mark totally picked up on and ultimately announced as the core of the company’s product strategy in 2019, which was the default social behavior was moving from town square, which was the old Facebook paradigm of, hey, we’re all in this together. This is our college network. This is our friend. Hey network or public, here’s what I think.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.