Skip to comments.Facebook is on track to post its longest losing streak ever, and some say there's more pain ahead
Posted on 11/19/2018 11:16:43 AM PST by Red Badger
Facebook is on track to post its longest losing streak ever, and some say theres more pain ahead Facebook is on track to post its longest losing streak ever, and some say theres more pain ahead 4:52 PM ET Fri, 16 Nov 2018 | 04:19
Facebook is facing a mountain of problems.
The social media giant's stock fell nearly 5 percent on Monday, hitting its lowest level since February 2017, as the social media company came under fire after a damaging report about its top management in The New York Times.
Facebook is poised to close its third straight month in the red, which would mark its longest monthly losing streak on record. Furthermore, Facebook is on track for its longest quarterly losing streak since 2013, and its first full year of losses since going public. According to some experts, the stock isn't done falling.
"Technically, when I look at this, there's no question that we've violated the long-term uptrend support line off of the  lows. We've got some support that's going to come in right around $130, but better support coming in at $114," Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC's "Trading Nation," adding that he would stay on the sidelines here, rather than putting fresh money to work, or "further reduce positions on it at this point."
The shares are on track for their third straight month of losses, something they've never done before, and their second straight calendar quarter of losses, which they haven't seen since 2013.
Others are negative on the stock in the near term, but say it could be a value play in the long run since its valuation has fallen so severely. Mark Tepper, CEO of Strategic Wealth Partners, told "Trading Nation" that he finds its price-earnings to growth ratio, or PEG ratio a measure of a stock's value by taking its price-earnings ratio and factoring in its earnings growth rate reasonable at this juncture.
"If you have a two- to five-year time horizon, Facebook actually looks really attractive at these levels," Tepper said.
Still, the short term will likely be difficult for the stock with mounting headwinds.
"The market has been absolutely punishing companies with decelerating growth, and that's exactly what you're seeing with Facebook. I don't think there's any light at the end of the tunnel anytime soon. They're making some pretty aggressive investments to deal with improving their ad transparency, getting rid of fake accounts, eliminating fake news, and that's going to be a drag on profits in the near term," he said.
Facebook shares have declined 25 percent this year.
The Party's over.
The hangover now begins......................
Pissing-off the half of your customer base that actually has money is not a good business model.
Facebook is becoming MySpace
to me, Facebook is a mere curiosity and an interesting toy. Quite average among all the other gadgets, programs, media and apps that I see every day. The idea that it is worth $400 billion is completely absurd.
Facebook is the next “My Space”. Someone and something better is on the way ...count on it.
Couldn’t happen to a better group.
I only hope it continues to die.
Stole his business idea
Stole all the shares from his BEST friend
Secretly sold users data
Stated in a confidential email to a friend that people who trust him are "dumb-f*cks".
Married in the community proprety state of California, the very day AFTER he took Facebook public.
Requested nude photos of users to protect them against the risk of revenge porn.
Secretly tried to get hospitals to release vast stores of patient data so I can help cure diseases.
Initially pursued total rights ownership of images uploaded to FB; if you'd been photoed as a happy youth with, say, a can of Coors then later got really famous, Zuck could be paid by Coors for zero work and YOUR old photo in a new ad while you, the centerpiece of the ad, would get NOTHING. Struck down after lengthy legal battles.
De-platformed numerous Conservatives because he didn't agree with their views, couldn't define hate-speech when asked by Congress.
Secretly requested banks give him his users' financial data, including transactions, so my users can check their balances on my site."
Digitally permitted his housing advertisers to filter out customers whose search histories were strongly associated with terms like "handicapped" , "mobility scooter" and "guidedog".
Admonished that people "build bridges instead of walls", all while building walls around his Palo Alto homes and around the huge Kauai Estate he bought and then threw the Hawaiians off of, an effort requiring 300 seperate lawsuits against local Hawaiian land claimants.
Established a "trustworthiness index" for ALL his facebook users while disclosing it to none of them.
Altered FB algorithms to flag content from conservative publications as spam.
Revered Augustus Caesar, leader of Rome who assured 200 years of peace via harsh rule, possibly arranging the execution of his own grandson. On a wedding anniversary trip to Rome, Zuck gushed so effusively over sculptures and monuments dedicated to Augustus that his wife joked that three people, not two, were on their trip.
For years, Zuck traditionally closed high-level Facebook executive meetings by shouting, "DOMINATION..!", perhaps half-jokingly.
Proposed installation in the homes of FB users special Facebook cameras that would follow and monitor users around as they went about their private lives inside their homes. But the cameras, Zuckerberg assured, would come with privacy settings which Facebook would, like, totally respect, or something.
Asked for user telephone numbers for 2 factor authentication but within weeks used that data for marketing purposes. If users chose to share their entire contact list, Facebook also shared that data with advertisers, even phone numbers of people who NEVER had a facebook account! After the Cambridge Analytica scandal FB pleged to reinvigorate user privacy but neither of these practices has stopped.
In the runup to the 2018 midterm elections, FB removed over 800 conservative political pages and accounts in a clamp down on what the social media company arbitrarily termed, inauthentic behavior. The ambitious political move affected 66 million FB users, most of them Conservative.
Permitted the search term "white genocide" to be used as a targeting criterion to aim advertising for products at 170,000 users who interacted with that subject.
When at their SF HQ in 2016 FB employees replaced a mural slogal, "Black Lives Matter" with the words, "All Lives Matter", Zuck retured the slogan to its original and reprimanded the employees as "malicious and disrespectful".
I quit well over a year ago...................
Why anyone would invest in a company with little or no tangible assets was always puzzling. I guess they wanted to ride the gravy train, now it’s headed for a cliff..................
Awwwww! So suckerburg is now only worth $1.3 gazillion dollars for something he stole anyway? Hardly enough to complete his wall around his property in Hay-why-ee.
I wonder who will be the first advertiser to sue FB over all of the fake memberships.
If you own a business, or are on the governing board of some sort of enterprise which provides WiFi, block social media sites.
Tons of freepers have F B pages you would be real surprised if you knew who some of them are
Gave Chuck the Schmuck $50K to run interference in the Senate for FB, then hired the youngest daughter for $160K/yr.
Good riddance to Fakebook...I don’t use Fakebook and don’t want them mining my personal data.
Our Sears is closing, and our Kmart will soon die as well....................B^(
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