What If The Narrative Is Wrong?
I always like to look for where conventional thinking might be wrong. I think you can find interesting investments that way.
I was exchanging emails with a colleague yesterday about Twitter’s decision to get out of the developer tools business and I asked her if it was possible that the conventional wisdom about Twitter (it is in decline and needs to be turned around) is wrong.
I shared these two Google Trends charts with her.
What if Twitter is not actually in decline but has seen the bottom and is growing again?
What if Facebook is in decline but nobody has realized it yet?
I am not saying either of those things is true. I am just asking the questions.
Disclosure: My wife and I are long Twitter and have never owned Facebook stock.