07-26-2018, 09:17 PM
|
#1
|
|
Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
|
Facebook just had the biggest wipeout in stock market history.
Quote:
Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy.
The sell-off vaporized about $119 billion in market value — the biggest single-day loss for any public company in history, according to Thomson Reuters.
For founder Mark Zuckerberg, the loss came to almost $16 billion, according to Forbes, which tracks billionaire wealth in real time. That dropped him from fourth to sixth on the list of richest people in the world.
|
Incredible.
https://money.cnn.com/2018/07/26/tec...rop/index.html
|
|
|
|
07-26-2018, 09:20 PM
|
#2
|
|
Norm!
|
So when do you geniuses think its going to be the best time to jump in?
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
|
|
|
|
|
The Following 4 Users Say Thank You to Huntingwhale For This Useful Post:
|
|
|
07-26-2018, 11:16 PM
|
#4
|
|
Lifetime Suspension
|
Not big enough.
that's what she said joke not allowed
|
|
|
|
|
07-26-2018, 11:23 PM
|
#5
|
|
Not the 1 millionth post winnar
Join Date: Aug 2004
Location: Los Angeles
|
Facebook and Twitter elected Trump, and do nothing to stop him. I hope they both die.
__________________
"Isles give up 3 picks for 5.5 mil of cap space.
Oilers give up a pick and a player to take on 5.5 mil."
-Bax
|
|
|
|
|
07-27-2018, 05:08 AM
|
#6
|
|
Lifetime Suspension
|
Quote:
Originally Posted by Flashpoint
Facebook and Twitter elected Trump, and do nothing to stop him. I hope they both die.
|
Social media is nothing but Anti-Trump bias nowadays, especially with all the snowflakes on these sites.
|
|
|
|
|
07-27-2018, 06:19 AM
|
#7
|
|
Franchise Player
Join Date: May 2004
Location: Marseilles Of The Prairies
|
Quote:
Originally Posted by Ragnar
Social media is nothing but Anti-Trump bias nowadays, especially with all the snowflakes on these sites.
|
How's life on Gab?
__________________
Quote:
Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
|
|
|
|
|
|
07-27-2018, 06:43 AM
|
#8
|
 Posted the 6 millionth post! |
Quote:
Originally Posted by Ragnar
Social media is nothing but Anti-Trump bias nowadays, especially with all the snowflakes on these sites.
|
Tell us more, oh learned one.
|
|
|
|
|
07-27-2018, 06:52 AM
|
#9
|
|
Looooooooooooooch
|
Quote:
Originally Posted by Ragnar
Social media is nothing but Anti-Trump bias nowadays, especially with all the snowflakes on these sites.
|
Anti-Trump bias. AKA being normal.
|
|
|
|
|
The Following 8 Users Say Thank You to Looch City For This Useful Post:
|
|
|
07-27-2018, 07:11 AM
|
#10
|
|
First Line Centre
Join Date: May 2012
Location: The Kilt & Caber
|
Well, that didn't take long.
|
|
|
|
|
The Following 3 Users Say Thank You to Nyah For This Useful Post:
|
|
|
07-27-2018, 07:12 AM
|
#11
|
|
Franchise Player
Join Date: Jul 2002
Location: Chicago
|
Quote:
Originally Posted by Iggy City
Anti-Trump bias. AKA being normal.
|
Not sure 'normal' people bother much with it at all. It's the 15% fanatics on either end who spam the rest of us.
To be honest, I would rather see your cat videos.
|
|
|
|
|
The Following 4 Users Say Thank You to EldrickOnIce For This Useful Post:
|
|
|
07-27-2018, 07:16 AM
|
#12
|
|
In the Sin Bin
|
Common sense has an anti-trump bias.
|
|
|
|
|
07-27-2018, 07:34 AM
|
#13
|
|
Looooooooooooooch
|
Quote:
Originally Posted by Nyah
Well, that didn't take long.
|
Not unexpected though?
Facebook was in bed with Cambridge Analytica, harvesting all sorts of data which was handed to the Trump team.
Now Cambridge Analytica has "gone out of business" (as in they just changed their name) and Facebook is desperately trying to back track and say user security is now their main focus.
Hope the stock plunges further.
|
|
|
|
|
07-27-2018, 07:45 AM
|
#14
|
|
Franchise Player
Join Date: Aug 2008
Location: California
|
Quote:
Originally Posted by Iggy City
Not unexpected though?
Facebook was in bed with Cambridge Analytica, harvesting all sorts of data which was handed to the Trump team.
Now Cambridge Analytica has "gone out of business" (as in they just changed their name) and Facebook is desperately trying to back track and say user security is now their main focus.
Hope the stock plunges further.
|
That’s not really what happened though
The trump team chose to engage Cambridge Analytica realizing the value of this information while the democrats made fun of their poor online and demographic targeting. Facebook and Cambridge are really nuetral actors, they were pieces of technology sold to the highest bidder. That the people who chose to use these tools was the Trump campaign isn’t really the fault of Facebook.
Facebook does not have an obligation to do anything beyond what was require by law. Remember that every user knowingly or not agreed to this process. I think blaming Facebook for people’s careless treatment of both the information they receive from Facebook and the personal information they give Facebook is the problem.
People’s media literacy was the cause not the actions of Cambridge, the Russians and Facebook.
|
|
|
|
|
The Following 2 Users Say Thank You to GGG For This Useful Post:
|
|
|
07-27-2018, 07:54 AM
|
#15
|
|
Franchise Player
Join Date: Jul 2005
Location: SW Ontario
|
Gee what will Zuck do? I guess it is nothing but bread and water for him on his new budget now. I feel so bad for him.
|
|
|
|
07-27-2018, 08:01 AM
|
#16
|
|
Franchise Player
|
Facebook ads are widely credited with Trump's success.
On that basis, how much money do you think the US will spend on Facebook advertising in the 2020 election cycle?
|
|
|
|
|
07-27-2018, 08:09 AM
|
#17
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
All this Trump/Cambridge Analytica talk is basically a red herring. That hit the stock a couple months ago. This decline was due to reduced growth in users in particular, and while that could be related it seems a little unlikely to me. Basically all the people that were super mad and deleting Facebook a few months ago came back and forgot about these issues within a week or two anyway.
|
|
|
|
|
07-27-2018, 08:14 AM
|
#18
|
|
Scoring Winger
|
I think it's a great time to jump in.
While user growth is slowing, ad revenues via Facebook/Instagram are still relatively healthy.
I would suspect that trend to continue for the foreseeable future until or unless there is a platform that usurps Instagram.
Between Facebook Messenger, WhatsApp and Instagram, I believe Facebook has user data on ~2.5 billion people.
The company still generates massive revenues and this decline will be short-lived.
|
|
|
|
|
07-27-2018, 08:16 AM
|
#19
|
Posted the 6 millionth post! |
WhatsApp and Instagram will ensure that FB is around for a long, long time.
Now is probably a good chance to get in on Facebook stock.
|
|
|
|
|
07-27-2018, 08:27 AM
|
#20
|
|
Franchise Player
|
It's not really that big of a drop relative to its own value. It's back to where it was happily sitting two months ago. The real story is in the trend line. The price today is still above that long term upward line so no reason to sell. If you can figure out a reason to buy then that's what you do.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 11:30 AM.
|
|
