Indeed, the saber rattling from governments towards these media companies will always be a hallmark of these organizations. In short, we've seen this play out before, and the animosity governments around the world show Meta is nothing new for media companies broadly. Every political faction and government on earth is constantly investigating how Facebook influences their politics, just as WaPo was targeted by the Nixon administration. It's easy to see the parallel here: Facebook is not just targeted by U.S. The Washington Post was also, quite notably, being targeted by the Nixon administration at the time due to the Washington Post publishing damaging documents regarding the Nixon administration.The Washington Post, in the early 1970s, fell cataclysmically due to inflation and broad stock market declines (precipitated by higher interest rates meant to address inflation), just as Meta has fallen fairly cataclysmically as of late.In short, Facebook and WaPo are both media companies. Social Media is the most dominant form of news and media today, just as newspapers were one of the most dominant forms of news in the 1970s.In likening Facebook of 2022 to the Washington Post of ~1975, we specifically meant to illustrate three striking similarities: We did so in this note, which we highly encourage you to read if you're interested in owning Meta/Facebook.

Over the last four months or so, we've been likening Facebook (FB) to the 'Washington Post of 1975'. Fritz Jorgensen/iStock Editorial via Getty Images The Modern Day Washington Post

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