‘Mark Zuckerberg, the Warren Buffett of Technology?’

Felix Salmon, on Facebook’s acquisition spree:

Zuckerberg knows how short-lived products can be, on the internet: he knows that if he wants to build a company which will last decades, it’s going to have to outlast Facebook as we currently conceive it. The trick is to use Facebook’s current awesome profitability and size to acquire a portfolio of companies; as one becomes passé, the next will take over. Probably none of them will ever be as big and dominant as Facebook is today, but that’s OK: together, they can be huge.

The difference I see: Warren Buffet buys companies with a track record of profitability.

★ Friday, 28 March 2014