If someone could photoshop Zuckerberg's mug on this, it would be great.
Posted on 07/28/2018 8:53:11 PM PDT by BlackFemaleArmyColonel
This week Facebook CEO Mark Zuckerberg finally got the whack across the nose that many had hoped Congress would give him back in April.
The social-media giant’s stock price took a spectacular nose dive Thursday after the company forecast a slowdown in the rate of new user sign-ups. Analysts reckon Facebook’s limp response to the European Union’s recently enacted digital privacy laws also soured investors on its near-term financial future.
While Zuckerberg spent the first half of 2018 listening to but not really hearing complaints about how Facebook mishandles user data, it’s a good bet he’s listening now. All told, Thursday’s trading vaporized $119 billion of the Menlo Park, Calif., company’s market value. That’s roughly the equivalent of the gross domestic product of Kuwait.
Public patience with Zuckerberg’s often unconvincing — and at times duplicitous — statements about the heroic lengths Facebook goes to protect user data appears to have come to an end. A rolling tide of revelations this year about persistent privacy breaches has eviscerated Facebook’s credibility on the issue. People have been logging off in droves.
Facebook has long claimed that its mission is to develop social infrastructure and — *gag* — build community. That no longer passes the giggle test. What they really want to do is follow people around the Internet, collect and organize what they learn and sell that information to the highest bidder.
To the three people who don’t realize it already: Facebook doesn’t think of you as the customer; they think of you as the product.
Congress raked Zuckerberg across the coals this spring. It made for satisfying viewing but ultimately came to nothing. No one in Washington appears up to the task of regulating America’s favorite time-waster.
Now the market has done what government failed to do — discipline Facebook...
(Excerpt) Read more at nypost.com ...
Zuckerberg is a disgusting bugman who developed a God complex.
Too bad he didn’t lose more.
He is down to 50 billion dollars, that Will teach him a lesson.
If someone could photoshop Zuckerberg's mug on this, it would be great.
Isaiah 47:11...
God is not to be underdestimated...
“But disaster will come upon you; you will not know how to charm it away. A calamity will befall you that you will be unable to ward off. Devastation will happen to you suddenly and unexpectedly.”
I would love to believe in the fall of Zuckerberg but I am afraid by next week we will see his stock prices on the rise again.
And that’s to his children.
If he could lose 119 billion, he could lose the remaining amount.
And it couldn’t happen to a nicer guy.
It was for the unbelieving - those who were oppressing the people of God.
He might...but that is a LOT to recoup.
I don’t see his doing that, considering how much he is “loved.”
They still make a shitload of $$$. Users are basically unchanged.
Indeed.
Who writes these articles? As if only being worth $50 billion is some sort of comeuppance. I’m sure he’s been crying himself to sleep these past few days.
You giveth me hope, boy.
The number of monthly users are down...
https://www.freerepublic.com/focus/f-news/3674746/posts
Sucker dry sold over $3 Billion in shares before the whole political mess hit the press. He is more than set for life.
No, the impending crash of FaceBook is going to hurt millions of 401K retirement savings. So many money managers saw FB as a super stock and invested the retirement savings of millions of funds that we are depending on for retirement.
So laugh it up; at your own expense
Zuckerburg transformed a brilliant concept into a political tool. He now pays the price for his actions.
The stock cratered Friday. It will probably recover moderately and then continue down.
It should be noted when a stock craters like Facebook did the market is scared of the companies long term viability. When the insiders of a company start selling their stock, the company is in trouble. I would really like to know how much insider selling has gone on in the last few weeks.
Honestly, at least in my case, Facebook has brought a lot of my old friends back in my life, with very pleasing results. I don’t think we need the fire and brimstone verses.
I believe Zuckerburg’s actions are being rightly scrutinized - not the site itself.
>>Facebook has brought a lot of my old friends back in my life
True but it isn’t worth the current price of the stock.
Zuckerberg simply latched onto a concept that he ‘stole’, and assembled Facebook to work and function. As an idea-guy...I might give him some credit.
The problem is that by 2012, the board should have met and reset Zuckerberg as a consultant ‘chief’, and found themselves a true business CEO. His behavior and ‘act’ just doesn’t cut it...he was not made to be a CEO.
I would agree, within four years....I see Facebook becoming the next ‘MySpace’, although this WhatsApp tool might survive on. If anyone owns Facebook stock....I’d dump it real quick and accept my losses, I don’t see this moving back up again.
And this suggestion of Zuckerberg running for President in 2020? No, that’s not going to happen.
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