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OFF-TOPIC Facebook loses $120 billion (market cap) in a day

Discussion in 'Off Topic: Sports, Funnies, Pop-Culture' started by Fox, Jul 26, 2018.

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  1. Fox
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    Fox Moderator Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    Biggest loss in a companies value in one day ever...

    Facebook stock drops 19%, loses $120 billion in value after warning that revenue growth will take a hit

    Yikes.
     
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  2. kelvinfernandezm
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    kelvinfernandezm Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I deleted my Facebook a few days ago. Never going back to it. Reasons why? Because I can't stand online "friendships" anymore. People act differently online than in person. I had over 500 "friends" but only one or two bothered to message me. Also because since the 2016 election Facebook became too polarized.

    I took a break from other online social media because they are literally made for you to become addicted to them.

    Facebook won't recover from this. And hopefully it'll go the way of friendster and Myspace.
     
  3. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    I like catching up with long lost friends on Facebook. That part is pretty amazing.

    Facebook groups are totally amazing. Drop in and read what everyone's complaining about. A business owner's dream.

    Other than that, I don't like Facebook's goal to keep people on the platform all day long. They want people addicted to it, turned into zombies, and they want to stop people from going about their day.

    I much prefer Google's business model where their goal is to provide you with the most relevant results as quickly as possible so you leave and get on with your day. Google makes money because we go there many times a day to find things, and they make money when we leave their platform.


    EDIT: Also... I've been seeing front-page articles in national newspapers in Ireland warning of the damage Facebook is doing to our youngsters. Not something I've ever seen about Google (Alphabet)...
     
    Last edited: Jul 26, 2018
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  4. DVU
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    DVU In Progress Read Millionaire Fastlane Speedway Pass

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    Capture.PNG

    They'll be fine.
     
  5. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Deceleration of user growth, loss of users in the EU, accelerating expenses.

    I won't even get started on their throttling of specific accounts that don't pass their Ministry of Information czars.

    F*ck Facebook. Hope they go way of MySpace. (But only after my short puts expire, lol.)

    As much as I hate to admit it, I'm sure they will. So much so I wrote options on it.
     
  6. Maxboost
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    Maxboost Silver Contributor I've Read UNSCRIPTED Speedway Pass

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    I met an investment banker on vacation who made a lot of money on the stock market. He told me to never invest in the market as it's all a scam unless you have insider knowledge. He admitted that he made a small fortune from his rich father's friend.

    With Zuckerberg unloading his stock since a year ago, and now with all of this dumping, is there something more to this that we don't know about?

    I'm calling it now, the SEC will be prosecuting someone over this. Something fishy is going on...
     
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  7. 404profound
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    404profound Gold Contributor I've Read UNSCRIPTED Speedway Pass

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    Facebook had two options; continue to figure out how to enrich user experience, or continue to figure out how to more efficiently sap users of their time and money. They went the latter route, and it will be their undoing. The increased prevalence of invasive advertising and the stagnation of social engagement modes will result in them being an ad platform with an exponentially waning audience.
     
  8. ApparentHorizon
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    C suites and other investors sell all the time, whether they think the price will go up or down.

    It's relevant when the stock takes a dive, and the execs start buying it all up. Only reason they'd do that is if they think the stock will go back up. (except Sears that is lol. RIP)

    The "dumping" is due to missed numbers and terrible projections. Nothing to see here, just your regular earning season.

    So that's it, pack up boys, FB has peaked. Everyone out!

    (Oculus and their internet satellites may save them, but it's gonna be nasty over the next year or so)
     
  9. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Agreed, this is where the growth will have to happen.

    I don't see many people who haven't joined Facebook in 10 years suddenly saying "OMG, it's about time I joined." Their business model right now is maximization of revenue per user, as I wrote in Unscripted, squeezing the towel, more profit, more cost to end users, less value.

    This is why my FB page with 150,000 likes gets 200 views on every post, but I'm damn sure I'll get emailed 3 times to "promote your post for only $5!"

    Sorry Zuck, squeeze another towel.
     
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  10. StayHeady
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    StayHeady New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    So based on all of the information that we have at the moment do yall see any way to potentially leverage an opportunity out of this situation? This might be a dumb question. Im just trying to think outside the box here. Whats the silver lining ya know?
     
  11. MJ DeMarco
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    Really puts the loss in perspective, holy shnuckers!

    upload_2018-7-26_18-13-35.png

    The selling seemed like an over-reaction to me, which is why I sold put spreads on the drop as the IV was still very high and the premiums rich.
     
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  12. Xeon
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    Hell naw! If FB is dead, how will people like me use it to reach potential customers at an affordable price? FB ads have helped many businesses reach their audience.

    Though I admit it's irritating to see people posting their travel pics for the 3rd time a month (don't they have to work? Maybe they have lots of FU money), and posting pics of their kids (sorry but I don't think your kid is the least bit cute).
     
  13. Bulgano
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    Makes you wonder why we give someone who referred to his users as “Dumb f*cks” for using his service this much power. I mean, I'm not saying Costco treat their customers perfectly, but you always get a good greeting at the door and when you leave, regardless of if you bought something or not...
     
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  14. socaldude
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  15. kelvinfernandezm
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    kelvinfernandezm Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    There will always be a place to reach your audience as long as the internet is around. Myspace had many advertisers then they all moved to facebook. Same with people who used to put up ads on newspapers, tv and radio they all moved online.

    If I were you I would start learning how to use instagram and snapchat advertising. Also facebook won't completely die. But it won't be as important as it is today. Many older people use facebook now so the demographic for facebook will be older folks. Just like myspace became a website for musicians.
     
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  16. kelvinfernandezm
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    kelvinfernandezm Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Yeah the censorship was off the charts right after the elections. All it took for you to get banned was for one SJW to flag your post and boom locked out for 30 days. Also everytime I posted something I had to walk on eggshells so as not to offend anyone. That and having to read how people got fired from their jobs after an angry mob of facebookers descended upon them and ruined their lives for typing a sinful word.

    At the end of the day it was just too much work and all the enjoyment was gone. Why would I keep using a product that locks me out everytime it gets offended.
     
    Last edited: Jul 27, 2018
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  17. Everyman
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    Well it means that's the street on the stock market and we have another dot-com bubble peak (this time it's everything bubble).

    Insiders are dumping their stocks (look all FANG, not just FB, Tesla too....).

    For a company that made $16B in 2017, market cap is over $500B and P/E over 24... 120B that evaporated never existed.

    Look here, page 62:

    https://s21.q4cdn.com/399680738/files/doc_financials/annual_reports/FB_AR_2017_FINAL.pdf

    They made $24B from operating activities. But purchased net $16B of 'marketable securities'..........

    I read that Bezos is the richest man on Earth. $150B. Half of it is in Amazon shares. This is ridiculous. Please ask Jeff to sell $75B worth of shares today for $75B...................

    We are going to see more of this in the coming months/years as the valuations don't have any connection to real performance.
     
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  18. maverick
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    maverick Unorthodox Nonconformist Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Stagnating growth in US/CA and GDPR has cost FB 1M MAUs during Q2.

    [​IMG]
     

    Attached Files:

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  19. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    I bought some this morning.
     
  20. SquatchMan
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    I think we're at "peak Facebook."

    They have a strong user base in the US, EU, & a mix of random 3rd world countries with super low buying power (ads in Thailand cost like $.01 per click).

    They're locked out of China. Russia & Japan have different social networks. No growth in those countries.

    Young people aren't using it. About 50% of Americans under 18 don't even use Facebook. 69% have Snapchat; 71% have Instagram.

    Compare that to 2015 when 70% of Americans under 18 use Facebook.

    Numbers don't look good for future user growth. It seems like they're only option is too maximize revenue and watch the slow death as people leave the platform.
     
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    Screenshot_2018-07-28-15-13-38-624_com.android.chrome.jpg
     
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  22. Mattie
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    Mattie Platinum Contributor Speedway Pass

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    I get this all the time.
     
  23. LleixG
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    Lucky for them they have Instagram (Whatsapp too) and Snapchat is slowly dying. Seems like a good moment to buy some cheap FB, they barely missed the estimates and it goes down 20%? Way oversold imo
     
  24. Roli
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    ^^^^
    What I find amazing about this is that still 'only' accounts for a fifth of their value!!

    ^^^^
    Ahhh, wise words sensei

    -
    I left a few months ago rather abruptly. I was having an argument with an idiot, and I remembered the maxim;

    if you argue with idiots you
    are an idiot.
     
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  25. Andy Black
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    Ha! Love this.
     
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