This is only true for profitable enterprises. The rest is same as ponzi scheme.

My immediate reaction was (1) virus fears were overblown and (2) inflation. I was clearly wrong about the virus but the latter may come to haunt central banks. People should be investing in real assets such as commercial real estate at distressed levels and in particular privately held luxury hotel properties.

You were not wrong. The initial estimates in jan-feb was an infection fatality rate in the 1-5% range, which is pretty bad and comparable to something like prostate cancer or lymphoma, yet by March/April, when the stock market bottomed, a bunch of studies such as study of asymptomatic prison cases and a study of California cases, showed a much, much lower IFR, of around .2-.5%, which has fallen ever since as more people are tested, which came as major phycological relief even as the death and case count costumes to rise.

The estimates back then were 0.5%, but many media outlets were conflating them with case fatality rates, which were the percentage of hospitalized people that died (and are well above 1%)

Intel can bounce back from this. They need to clean house first.

Worst case scenario, Intel becomes the "new IBM" and is left supporting roughly ~3 decades worth of legacy equipment.

Literally worst case scenario for Intel, which isn't really that bad.

In a medium / better case, Intel simply has to deal with opponents who are slightly faster and/or power efficient than Intel, but still gets a slice of the general market.

SOTP suggests FB investors at around $180-$200 could make out nicely even if they split Instagram and Whatsapp. I don’t think there’s a lot of synergy among those three core businesses. In fact, Instagram would be worth a lot more independently (just as Youtube would be worth more operating alone). This is to say not a lot of downside as people may expect from Political scrutiny forthcoming. My two cents.

Not a lot of synergy from the end user’s perspective, but the value of those platforms is the advertising network, which is a massive synergy for Facebook operating all three platforms and owning all three audiences. I don’t know how exactly a split would work but I see more downside than upside to having to recreate the ad network on each platform.