Posted on 07/28/2018 11:44:59 AM PDT by davikkm
Yesterday, Facebook’s stock plummeted nearly 20% after the company missed earnings. It was the biggest one-day loss in market value of any US-listed company ever. This was truly a frantic and radical repricing. But I can’t say that I’m surprised.
The storm clouds have been on the horizon for quite some time. Economist and demographer Neil Howe noticed that things were not well with Facebook several months ago. Howe saw a distinct change in the way the public viewed Facebook; from a fun platform to an untrustworthy platform that is sucking precious time. Because engagement with the platform is everything in terms of Facebook’s revenue, this changing public perception could be catastrophic for the company.
Facebook’s image took a massive blow when it was discovered that Cambridge Analytica and other companies were scraping users’ personal data to influence election results. This encouraged the public to seek more detailed answers on how their data was being used and what data was being collected. It turns out that the amount of data they have on you is startlingly immense, and that means they use your data in all sorts of ways, including mind control (not kidding).
(Excerpt) Read more at investmentwatchblog.com ...
Buying any computer-related company with a market value in the hundreds of billions of dollars is risky.
One really has to examine a company’s revenue stream to determine risk.
The lawyers who wrote the privacy policies of these companies probably did their jobs well.
I hope so...? :)
Like John Wick. ;)
But he wants a Bill Gates image.
no they are not in trouble. I wish they were. FB will have their biggest numbers in the next quarter. Their political revenue will jump next quarter. While facebook itself is not growing, their other web-sites are doing fabulously, Instagram and Whatsapp are both huge. So it would be nice to see them go under. Don’t expect it soon.
Mark Sugarmountain.
Facebook has a value almost twice that of Walmart.
May be a bit overvalued but Facebook is here to stay. This Zuckenberg guy stole a very viable concept that was suitable for the current technological and demographic era. Facebook, like it or not, is now ingrained in American culture, has millions who use it daily and is a very large and profitable advertising platform. Zuckenberg, a bad CEO, is a bit drunk with wealth and power and clearly abused the process. He has had his knuckles wrapped hard. However it is inevitable that the adults will eventually manage this cash cow and Facebook, perhaps a bit smaller and challenged by upstarts, will remain present and profitable.
This is hilarious.
Bobama and the 'rats were saddled up to Facebook for nearly ten years and everybody delighted in how much smarter they were than the Republicans. But let President Trump's campaign use it and all of a sudden it's the end of the world.
Not unlike the 'rats' views on Russia.
There’s a link at that page with an IWB Headline: McCain Stepping Down.
I started to get excited until I noticed the date says March.
Well, the thrill is gone. It’s lost its appeal. I’ve noticed many of my friends on FB aren’t posting pictures/comments nearly as much as they used to. I know I’m not. I think a lot of people have grown tired of seeking gratification from how many “likes” they get on a post.
I’ve never used Facebook. But people tell me, it’s a time commitment to upload all your pics and put comments up, etc. that depending on what’s happening in your life, you might not want to spend that much time on it.
Then there’s the privacy concerns, and people are thinking twice about putting pictures of their kids, and other personal info. out there.
It always gets me too, that Facebook is an intangible; it’s a company online, but doesn’t produce any tangible product. Yet some investors have made lots of money from it.
Maybe the value now is quite high, even in the face of sharp losses, but so is the climber of Mt. Everest who has found himself on a slippery slope with only his ice axe to slow the slide.
And the edge is coming up fast.
“To influence election results”. I am no zuckerman fan but this is called “advertising” and is both legal AND moral. All of a sudden advertising is being described as somehow sinister. It’s not.
He looks like he spent the whole night crying before his testimony.
I don’t know. I think facebook could be the next investmentwatchblog.com.
Wait. That would be catastrophic.
Stocks go up, and down.
Facebook and other similar firms, are what they are.
Zuck ill remain vastly wealthy.
No amount of resentment,, jealousy, will change the fact that high technology is the future.
Never click on an ad and they don’t get money. If something is interesting, don’t click to follow the link, but go there directly.
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