1. Both these companies are relatively less “China reliant”
2. They both monetize attention which is free to give
3. People will watch YouTube and scroll on Instagram even if they are broke and in a recession
4. They both have a lower PE than McDonald’s right now
I know the classic “McDonald’s does well in a recession! Tech stocks drop the most in a recession” rhetoric however this seems outdated to me.
I don’t even consider META and Google tech companies since they are not inventing anything anymore for a long time. They are cash cows like McDonald’s, and arguably a more milky one.
What do y’all think?
This is not investment advice. I’m a random guy on the internet.