WhatsApp launches Facebook Pay P2P in Brazil
Disturbingly, coronavirus could drive adoption of WhatsApp payments in Brazil. To explain, people could be afraid to use cash because COVID-19 could infect paper money.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Disturbingly, coronavirus could drive adoption of WhatsApp payments in Brazil. To explain, people could be afraid to use cash because COVID-19 could infect paper money.
Read MoreWhatsApp proves that Facebook is a mess. However; value investors should examine the Social Network, because Facebook is a mess that makes a lot of money.
For all its faults, Facebook is still a moneymaking machine par excellence. Facebook generated $11.552 billion in cash and equivalents and $30.757 billion in short-term investments during 2nd Quarter 2018. That gave Facebook an astonishing $42.309 billion in cash and short-term investments on June 30, 2018.
Is Facebook a classic Warren Buffett value investment? Uncle Warren loves to invest in moneymaking companies “that somebody’s idiot nephew can run.” Surprisingly, Facebook might fall into that category.
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