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Has a large-cap stock ever fallen faster than Facebook?
Posted on 3/7/22 at 4:26 pm
Posted on 3/7/22 at 4:26 pm
Holy shite! They are down to $187 today. Market cap of $510B. Bargain basement P/E of only 13.6. 
It wasn't too long ago that FB was only $50-100B behind Google in market cap. Today Google is 3 times as large at $1.6T.
It wasn't too long ago that FB was only $50-100B behind Google in market cap. Today Google is 3 times as large at $1.6T.
14
Posted on 3/7/22 at 5:02 pm to rickgrimes
Boatload of name companies with stocks that are down 50 to 80% within the last 6 months. Looks like some are completely crashed and still falling lower every week, if not daily.
Posted on 3/7/22 at 5:16 pm to rickgrimes
Couldn’t happen to a better bunch than Zuck and Sheryl.
Posted on 3/7/22 at 6:31 pm to rickgrimes
Maybe Cisco, Worldcom, AOL, AIG, Lucent, GE
Posted on 3/7/22 at 6:35 pm to rickgrimes
Well FB admitted to spending 10B dollars on their metaverse last year. Literally throwing money away
Posted on 3/7/22 at 6:35 pm to rickgrimes
quote:
Holy shite! They are down to $187 today. Market cap of $510B. Bargain basement P/E of only 13.6.
It wasn't too long ago that FB was only $50-100B behind Google in market cap. Today Google is 3 times as large at $1.6T.
Probably the biggest market cap drop of all time.
Posted on 3/7/22 at 7:03 pm to rickgrimes
They broke the record for single day biggest market cap loss in history at 232 billion. IN A SINGLE DAY
Posted on 3/7/22 at 8:46 pm to rickgrimes
It’s on sale baw. Scoop some up.
Posted on 3/7/22 at 10:32 pm to rickgrimes
They bought an election, serves them right.
Posted on 3/7/22 at 11:45 pm to rickgrimes
Well, GE sure turned to merde.
Posted on 3/8/22 at 5:52 am to rickgrimes
What’s causing their drop? Fewer Boomers using it?
Posted on 3/8/22 at 6:25 am to rickgrimes
ENRON crashed and burn big time.
Posted on 3/8/22 at 7:14 am to rickgrimes
quote:
Facebook parent Meta occupies the lane in the AI race dedicated to scaling data and computing power. Deep learning is a form of AI designed to mimic aspects of human neurons. It took off in 2010 when the ImageNet project proved it was possible to use two GPUs developed by Nvidia to train a large AI model to recognize labeled images, said Kyunghyun Cho, a co-founder of the startup Prescient Design and an associate professor of computer and data science at New York University.
Meta said its AI Research SuperCluster houses 6,080 Nvidia GPUs at present, a number that will rise to 16,000. The computing power will be used for language-processing and computer-vision research, with an eye toward creating the immersive world the company calls the metaverse, said Shubho Sengupta, a software engineer involved in the project.
The supercomputer will help Meta researchers build AI models that can work across hundreds of languages, analyze text, images and video together, and develop augmented-reality tools and rich, multidimensional experiences in the metaverse, the company said. The technology also will help it more easily identify harmful content, Meta said.
This is from the WSJ. I know it’s an in thing to shite on Facebook right now, and there are lots of legit reasons to do it, but if you don’t think this stock isn’t a steal right now, you’re crazy.
Posted on 3/8/22 at 7:36 am to CollegeFBRules
quote:
but if you don’t think this stock isn’t a steal right now, you’re crazy.
I just bought some so if you're wrong I'm going to find you in the Metaverse
Posted on 3/8/22 at 7:39 am to SlowFlowPro
Bring it, baby. I’ll wear my level 90 orc outfit.
Posted on 3/8/22 at 7:42 am to CollegeFBRules
I do think that FB will lose that battle but the article sold me on their AI technology. Hopefully they can spin the failure of the Metaverse into something productive.
MSFT is the tech company that I'm waiting to see when it craters b/c they just keep chugging along.
MSFT is the tech company that I'm waiting to see when it craters b/c they just keep chugging along.
Posted on 3/8/22 at 7:56 am to rickgrimes
The little altar boy from Mars deserves every bit of it.
Posted on 3/8/22 at 9:34 am to tigerpawl
Is FB AI recommending buying their stock 
This post was edited on 3/8/22 at 9:35 am
Posted on 3/8/22 at 12:49 pm to Kjnstkmn
quote:
They bought an election, serves them right.
Yeah, I agree. If not for FB and Comey, there is no way Trump becomes President.
This post was edited on 3/9/22 at 1:33 am
Posted on 3/8/22 at 1:51 pm to rickgrimes
Pfft. FB has gone from $384 to $194 in 6 months. Enron went from $90.75 to 12 cents per share in 16 months.
I can tell you that I bought Boeing at $382 in March 2019 and bought it again at $98 in March 2020.
I can tell you that I bought Boeing at $382 in March 2019 and bought it again at $98 in March 2020.
This post was edited on 3/8/22 at 1:56 pm
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