alt Hacker NewsZuck said from the beginning this was a long term bet. We can debate the wisdom of that call and its timescale but let's assume he thinks of it as a 20 year thing. Until that time period is up then surely it's "spent" rather than "lost"?
Zuck said from the beginning this was a long term bet. We can debate the wisdom of that call and its timescale but let's assume he thinks of it as a 20 year thing. Until that time period is up then surely it's "spent" rather than "lost"?
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.