Edit: Shank showed me a pic w/ jay leno and skin grafts so I stand corrected.

The initial debate was the pic which I did not think needed surgery and were 2nd degree but now I'm shown a pic of Jay and skin grafts on his face.

I was clearly wrong and going off by the pic that was shown :(

A lot of that money is spent on new content to remain competitive. Actual net revenue is more like 1-2 billion annually.

Because an investment is judged by how quickly someone can get a return on their investment. Candy crush made 1.2 billion this year alone and is still growing. It turned out to be a great investment as they investment has paid back well over 6 billion.

I could sell a literal piece of shit but if ppl are willing to pay $100 for it, then thats how much its worth.

The game pulled in 1-1.2 billion annual revenues. 6 billion is super reasonable considering the game likely has high margins.

Investors don't mind. There the only big tech company that actually buys back shares, and not to offset stock based compensation. They've always had massive cash reserves.

They also have AR/VR that may come out next year. And there doing the apple car thing as well. They've been diversifying away from hardware and doing more subscriptions and tying customers into their ecosystem.

I always thought Apple should buy Peloton if they could get it for 2 billion. I see a lot of synergy with the bike, apple watch, air pods, apple music, and apple subscription. The bike is basically an ipad attached to a bike anyways.

The nice thing about Apple is that they usually don't blow all their money on dumb acquisitions. I think Beats was their biggest acquisition and that was 3 billion. For a tech company, there pretty cost discipline.

Rogue one is going to be such a shock for her then. Imagine if Disney came out with Andor first and finished with Rogue one.

Don't follow streaming, but Zaslav mentioned that HBO spent 7 billion and lost 3 billion last year. And if we are heading into a recession where advertising is cyclical, can see ad revenue from WB crater. I've been saying streaming is a shitty business - it meets Buffett criteria of the worst type of business.

https://www.cnbc.com/2022/11/15/ad-market-worse-now-than-during-pandemic-lows-david-zaslav-says.html

That doesn't excuse Zaslav. Haven't been following what he's been doing.