Posted on 10/26/2022 1:39:07 PM PDT by zeestephen
The stock plunged in extended trading after already losing two-thirds of its value so far this year. [At 1:40 PST, Facebook trading at $113, its lowest price in more than six years]
(Excerpt) Read more at cnbc.com ...
Well, they did go woke...
Faceplant
Are users abandoning Facebook? I haven’t kept up with it. But have heard people are leaving Facebook. Without viewers, users, customers, whatever the proper term is, Facebook doesn’t have value as an ongoing business.
Awwww…let me find my tiny violin…
I honestly didn’t even know facebook existed anymore. I thought that went bye bye along with AOL
LMAO
Still $114 too high.
We already have moronials and generation zzzzz buried in their phones and spending their entire childhoods indoors and all activities micromanaged by adults. Imagine how awesome it will be when kids not only never go outside, but all their interactions happen via VR headsets and they are all furries or some such bs
Gotta love it for those with employee stock options.
No surprise, that pencil necked commie little punk of a CEO was already talking about layoffs / cutbacks a few weeks back.
Facebook was asking me to reverify my account by getting people on my user’s list to vouch for me. Meh, too much effort.
Myspace 2.0
Let it be
Is anyone even on FaceBook anymore?
Let’s start a movement for all conservatives to get accounts on MySpace. Yes, it’s still around.
Crash, Burn, and Die, Fascistbook !
Mass bannings, removal of business pages and deletions of longstanding groups, incessant “fact checking,” murky “violations of community standards,” no appeal process, and “Facebook jail” have finally caught up to Zuckerberg and his control freaks.
That is down almost 70% from its all time high price of $354, in November 2021, just eleven months ago.
Zuckerberg has cashed out about two thirds of his stock since going public in 2012, so, current investors and the employee stock plan are suffering the most.
Facebook stock plunged in extended trading after already losing two-thirds of its value so far this year. [At 1:40 PST, Facebook trading at $113, its lowest price in more than six years]
Who knows, maybe they will be bought out by some evil conservatives.
The metaverse is a bust.
Yet, Zuck is insisting on funneling all the company’s cash and future into it.
Last prediction I saw is it will be 10 years—minimum—before they see any profit from the metaverse.
Telling stockholders they won’t see any profit for 10 years will tank any stock.
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