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-   -   Whats going on with Facebook? (https://discussions.texasbowhunter.com/forums/showthread.php?t=699742)

Man 07-26-2018 02:48 PM

Whats going on with Facebook?
 
I see they lost $6 billion today in less than 5 minutes. I am not a Facebooker but I see on Twitter (to which I am a member) they are attributing this to Facebook having become even worse in their bias toward the right. Is this indeed whats causing the current situation?

systemnt 07-26-2018 03:00 PM

110 billion...so far..
Zuck worth less than buffet now.

Playa 07-26-2018 03:03 PM

Quote:

Originally Posted by Man (Post 13509037)
I see they lost $6 billion today in less than 5 minutes. I am not a Facebooker but I see on Twitter (to which I am a member) they are attributing this to Facebook having become even worse in their bias toward the right. Is this indeed whats causing the current situation?

No they underperformed and are lowering performance expectations again

Man 07-26-2018 03:03 PM

..

systemnt 07-26-2018 03:06 PM

Investors are realizing there isnt much left to invest in...theres no growth potential...

batmaninja 07-26-2018 03:48 PM

I thought they cost Hillary the election? :)

I would say all of the above and them mining everyones information, then selling it, probably didnt help either. Or them banning people they disagreed with like, Diamond and Silk.

M16 07-26-2018 04:30 PM

There are only a limited amount of shallow minds available to join. Looks like they maxed out.

Bazo 07-26-2018 04:45 PM

Who cares

Man 07-26-2018 04:48 PM

Quote:

Originally Posted by Bazo (Post 13509243)
Who cares

Me obviously :)

Bazo 07-26-2018 04:55 PM

Quote:

Originally Posted by Man (Post 13509250)
Me obviously :)

:D

ACCURACYINC 07-26-2018 05:01 PM

I haven't been on Facebook since I was a 12 year old girl.

rtp 07-26-2018 05:09 PM

Quote:

Originally Posted by ACCURACYINC (Post 13509284)
I haven't been on Facebook since I was a 12 year old girl.

Is that when you changed your gender identity?:D

Clay C 07-26-2018 05:09 PM

Quote:

Originally Posted by ACCURACYINC (Post 13509284)
I haven't been on Facebook since I was a 12 year old girl.

Dang, you have TBH on one monitor and Facebook on the other?




:D:D

ACCURACYINC 07-26-2018 05:17 PM

Quote:

Originally Posted by rtp (Post 13509303)
Is that when you changed your gender identity?:D

Shortly after! ;)b

captardvark 07-26-2018 05:21 PM

I hope it crashes

Man 07-26-2018 05:22 PM

Bring back My-Space!

Facebook has infultrated TBH....you can't type My-Space together its banned!

Landrover 07-26-2018 05:30 PM

Quote:

Originally Posted by Playa (Post 13509074)
No they underperformed and are lowering performance expectations again

………...you got it! ;)

Pedernal 07-26-2018 06:21 PM

Supposedly the main guy was selling of his shares! Does not sound good. But even at the amount of money that is being lost those guys are filthy rich!!

rtp 07-26-2018 06:43 PM

End up at 121B lose at close. Poor Zuchaberg. That dude has the face and voice of a wet noodle. I cant imagine any other leader with such uninspiring qualities.

Mudslinger 07-26-2018 06:45 PM

They are TANKING!

muzzlebrake 07-26-2018 07:44 PM

Oh gawd no! How am I going to play Candy Crush and Pet Rescue and Bubble Witch? I guess it's back to free solitaire.

Acameron52 07-26-2018 08:57 PM

Meh.

bowhuntntxn 07-27-2018 07:11 AM

New privacy laws in Europe, fined a billion dollars for allowing member data mining, spending more on security, lowered advertiser input, lowered growth predictions for the rest of the year, missed growth projection by a lot for this quarter.

Standard issues that trigger a huge stock sell off. Investors are seeing weakened growth potential so they are moving their money elsewhere. I'm pretty sure this whole disdain towards the right affecting their stock was made up by the right to do a little chest thumping.

Normal business woes with bigger numbers. That is all.

jer_james 07-27-2018 07:12 AM

That's a crazy hit none the less !

Legdog 07-27-2018 07:53 AM

Should have bought on the close.

“Facebook earnings rose 32% to $1.74 a share. That beat estimates for $1.72. But revenue rose 42% to $13.23 billion, below estimates for about $13.3 billion. Facebook also signaled that revenue growth and profit margins will slow sharply.”


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Thumper 07-27-2018 07:53 AM

Investors are seeing weakened growth potential because conservatives are giving up FB. Their not wanting their dollars supporting LWL causes.

Legdog 07-27-2018 08:28 AM

This is a correction. It has zero to do with politics. This is about money.

Stock hit it's all time high just a few days ago. Did conservatives turn on it in 72 hours?

Question is, when do the buyers come back? Rest assured, they will.

Futures are up small. It will be interesting to see if there's more blood in the water.

Man 07-27-2018 09:42 AM

The thought of investing long term in a social media app just doesn't compute with me. Facebook has had a long good run, and I would like to think some where in some office room/garage right now someone is creating the program that will replace it.

muzzlebrake 07-27-2018 10:07 AM

Quote:

Originally Posted by Man (Post 13510335)
The thought of investing long term in a social media app just doesn't compute with me. Facebook has had a long good run, and I would like to think some where in some office room/garage right now someone is creating the program that will replace it.

True dat and he/she is probably only 14 years old with coke bottle bottoms glasses and buck teeth:D

Legdog 07-27-2018 10:36 AM

1 Attachment(s)
Trading slightly up but mostly flat today.

Looking at the chart, it's pulled all the way back to where it was in May. That's May of 2018.

If you like to read charts, it looks like it has support here.

For context, this is a 5 year chart. If you bought this stock 5 years ago you are still extremely happy... just not as happy as you were in May.

Attachment 917311

Clay C 07-27-2018 10:44 AM

Younger people don't use facebook anymore. They use Instagram, snapchat etc. Facebook is simply losing new users to other social media outlets.


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