Narrative Resets: Revisiting a Tech Trio (Apple, Facebook and Twitter)
aswathdamodaran.substack.com
In a post in August 2014, I examined the importance of narratives in valuation and how shifts or changes in those narratives can affect value, using Apple, Twitter and Facebook to illustrate my point. Since all of these companies have reported earnings in the last few weeks, I revisited my valuations of these companies, with the specific intent of seeing whether there is a need to update the narratives (and values) for these companies and whether, as an investor, I need to act.
Narrative Resets: Revisiting a Tech Trio (Apple, Facebook and Twitter)
Narrative Resets: Revisiting a Tech Trio…
Narrative Resets: Revisiting a Tech Trio (Apple, Facebook and Twitter)
In a post in August 2014, I examined the importance of narratives in valuation and how shifts or changes in those narratives can affect value, using Apple, Twitter and Facebook to illustrate my point. Since all of these companies have reported earnings in the last few weeks, I revisited my valuations of these companies, with the specific intent of seeing whether there is a need to update the narratives (and values) for these companies and whether, as an investor, I need to act.