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!!
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.
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.
“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.”
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.
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
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