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Oculus and their internet satellites may save them
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.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.
The social-media behemoth’s stock lost roughly one-fifth of its value in the extended session Wednesday. The stock dropped about 7% immediately after the earnings report was released, then plummeted to a loss of more than 20% as a conference call with analysts progressed. Close to 34 million shares changed hands in Wednesday’s extended session, well above the average volume of 17 million shares for a regular trading session over the past month.
Facebook stock had recovered from a decline earlier this year in the wake of the Cambridge Analytica scandal, one of several controversies and warning signs that the company had managed to weather with little damage to its stock. But declining revenue and user growth, topped by a warning from executives that it will continue, seemed to end that run.
Really puts the loss in perspective, holy shnuckers!
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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.
that we have at the moment do yall see any way to potentially leverage an opportunity out of this situation?
Really puts the loss in perspective, holy shnuckers!
View attachment 20370
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.
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.
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.
Google makes money because we go there many times a day to find things, and they make money when we leave their platform.
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.
And Instagram and maybe their "dating services".Oculus and their internet satellites may save them
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).
Ha! Love this.if you argue with idiots you are an idiot.
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
Well if he's worth gazillions, it's probably like us losing a hundred bucks at the casino. It doesn't make you happy, but you forget about it in a few hours.
Not unusual, ambulance chasers exist in the finance industry.
100% agreed.
And now Facebook wants a peek into your bank finances.
GMAFB.
Quit Facebook Before It Inevitably Accesses Your Banking Data
Facebook to Banks: Give Us Your Data, We’ll Give You Our Users
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