The Conglomerate Paradox: As GE splinters, Facebook becomes Meta
NPRThe Conglomerate Paradox: As GE splinters, Facebook becomes Meta Enlarge this image Bloomberg/Bloomberg via Getty Images Bloomberg/Bloomberg via Getty Images In the first scene of the first episode of the classic sitcom 30 Rock, television showrunners Liz Lemon and Pete Hornberger nervously walk into an office under renovation to meet their boss, Gary. "The idea was that by investing in several industries, you diversify the cash flow of the company," Lev says. Sponsor Message "There is absolutely no business justification for conglomerates, because investors can achieve — on their own — everything that the conglomerate achieves," Lev says. It's why, Lev says, study after study finds conglomerates are inevitably hurt by something known as "the diversification discount."
History of this topic
Facebook’s parent company Meta tells hardware staffers to prepare for cutbacks
The Hindu
Meta, formerly Facebook, faces historic drop as stock tanks
Hindustan Times
Facebook invests billions in metaverse efforts as ad business slows
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