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As a follow on point to my other reply comment on review, the comparable stock on that list is Google - and the graph probably shows that the market actually underestimated Meta's 'potential' compared to Google.

2010 Meta 'Potential' vs 2010 Google 'Potential' - c$50bn vs c$200bn

2022 Meta 'Potential' vs 2022 Google 'Potential' - c580bn vs c$800bn

Meta grew >10x across the period, while Google grew c4x

I don't personally buy that Market Cap = Potential, but you would be twice as rich if you invested in Meta according to that graph than if you invested in Google, and you would have also done better investing in Meta across that period than Apple according to the graph you sent across.




You would have to take into account stock splits and dividends. According to DQDYJ total return calculator:

https://watch.dqydj.com/timeseries/stock-calculator/

From May 21, 2012 (when META went public) to now, here are the annual returns:

MSFT - 24.53%

AAPL - 22.99%

AMZN - 22.07%

GOOGL - 18.09%

META - 14.36%


It wasn’t me who originally used market cap as a proxy for potential…




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