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Started By
Message
Facebook just had the worst day in stock market history
Posted on 7/26/18 at 4:31 pm
Posted on 7/26/18 at 4:31 pm
quote:
Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy.
The sell-off vaporized about $119 billion in market value — the biggest single-day loss for any public company in history, according to Thomson Reuters.
LINK
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Posted on 7/26/18 at 4:32 pm to TejasHorn
Losing a million dollars isn't cool, you know what's cool?
Losing 119 billion dollars.
Losing 119 billion dollars.
Posted on 7/26/18 at 4:33 pm to TejasHorn
frick Facebook.
:rotflmao:
Posted on 7/26/18 at 4:35 pm to TejasHorn
Facebook censors groups and posts whose politics they don’t like.
frick them.
frick them.
Posted on 7/26/18 at 4:35 pm to TejasHorn
They eviscerated mid term operating margins. Shook their valuation to the core.
The slowing user growth was predicted. The margin drop was not.
The slowing user growth was predicted. The margin drop was not.
Posted on 7/26/18 at 4:36 pm to TejasHorn
Zuckerberg lost $16 bil himself. Ouch!
Posted on 7/26/18 at 4:36 pm to TejasHorn
Posted on 7/26/18 at 4:36 pm to Pettifogger
quote:
Losing a million dollars isn't cool, you know what's cool?
Losing 119 billion dollars.
Posted on 7/26/18 at 4:40 pm to TejasHorn
Zuck is wiping his tears with his other $60 billion dollars.
Posted on 7/26/18 at 4:42 pm to TejasHorn
I have one but I’d be fine with it dying tbh. But then another one would just fill it’s vacuum in the social media world.
Posted on 7/26/18 at 4:46 pm to member12
quote:
Facebook censors groups and posts whose politics they don’t like.
They do.
You'd think a conservative leaning social media company would make a killing given all the bitching about FB on this site. Same with YouTube.
Surely some conservative billionaire will build a competitor, no?
Or, maybe not.
Posted on 7/26/18 at 4:50 pm to TejasHorn
Who else is buying some in the morning to sell in a couple of months?
Posted on 7/26/18 at 5:04 pm to baldona
quote:
Zuckerberg lost $16 bil himself. Ouch!
It's still pretty alpha when you can lose that much and still be a billionaire.
Posted on 7/26/18 at 5:38 pm to TejasHorn
We are coming up on the end of the month.
Monthly statements get in the mailbox on the 3rd or so.
“Hmmmm....ok... $8 bucks for the Latte at Starbucks on July 23rd. I totally remember that. What else? Oh, I bought a pair of Asics on the 24th. Enjoying those. Uhhh..paid the landscapers $200 on the 25th. Glad that is taken care of. Hedges look nice.
Honey, did we spend $16 billion last Thursday?”
Posted on 7/26/18 at 5:46 pm to Pettifogger
#karma
Posted on 7/26/18 at 6:22 pm to baldona
I so want to use the Russ Hannemann "doors go like this" gif, but Zuck's going to need a lot more bad days for that.
Posted on 7/26/18 at 6:24 pm to TejasHorn
Good. frick those white devils*.
Hope it fails and a new service takes over.
*the phrase that's got me in the FB Pokey right now.
Hope it fails and a new service takes over.
*the phrase that's got me in the FB Pokey right now.
Posted on 7/26/18 at 6:55 pm to mikelbr
We're finishing up an environment for them. I hope they pay the bill.
Posted on 7/26/18 at 7:08 pm to TejasHorn
You can smell the hubris of that shitty stock from a mile away. A very well-deserved fall from grace. FB earned this.
Posted on 7/26/18 at 7:16 pm to Lsupimp
Meh, it's still an insanely successful company and not going away anytime soon.
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