Facebook stock plunges 24% in one day.

Overmind One

Overmind One

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https://www.houstonchronicle.com/bu...ares-Plunge-as-Growth-Stalled-by-13105783.php

The company’s shares plunged as much as 24 percent in after-hours trading, driving the market value down by $151 billion at one point. If the sell-off hits those levels in Thursday trading, it will mark one the largest collapses in value ever suffered by a U.S.-traded company in a day. The stock was down 17 percent at $181.25 in premarket trade Thursday, after having closed at $217.50 in regular trading.

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Failbook has betrayed it's followers so many times, betrayed it's advertisers and been arrogant and greedy like it's creator Zuckerberg. Its failing, and some thought it was invincible.
 
Tripler

Tripler

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Failbook lol !!! Yet the slime bag is a rich slime bag ,,, tho that could crash on him ...
 
Overmind One

Overmind One

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https://finance.yahoo.com/news/facebook-apos-market-value-plunged-225654203.html

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Facebook's stock took a beating Wednesday — before being utterly pummeled.


At one point, the company's stock was down nearly 24%, and its valuation had fallen by a whopping $148 billion. That's about as much as the combined market capitalizations of IBM and Snap — and around the same amount as the total gross domestic product of Hungary.

Facebook's shares recovered somewhat after the call. In recent trading, they were down $43.99, or 20.2%, to $173.51 a share.
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There is no such thing as perpetual growth. In fact, when it occurs in nature, something comes up to check the growth and prevent a complete overtaking of the landscape. A perfect example of this is the common grasshopper/locust. This is a truly Jekyll and Hyde creature! When there is just enough food, reproduction is just right, and grasshoppers thrive as harmless, green insects (like the one on the right).

desertlocusts.jpg

But the darker, meaner looking one on the left is a locust. Guess what...they are THE SAME CREATURE, only under different conditions. Ironically, the overabundance of food causes over-reproduction, which causes crowding of egg laying sites. The extra food and crowding causes a chemical change in the grasshoppers which turns them into locusts. Again ironically, locusts will mindlessly eat EVERYTHING they can find which removes the abundant food supply and strips it bare. Balance restored.

Facebook has had it's time. One day not too far away, some young person playing with their smartphone will look at something which does not work so well and say "OMG, that is like, so Facebook!".
 
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Overmind One

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PussyGalore said:
This is another stock plunge due to not achieving the "revenue forecast", which is an arbitrary number dreamed up by market analysts to begin with. It's such a scam. :rolleye0014:

https://www.marketwatch.com/story/facebook-stock-crushed-after-revenue-user-growth-miss-2018-07-25
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Yep, and this is the corporate Achilles heel. There is no such thing as perpetual growth. Corporate need to show profit (to entice more shareholders or keep the ones they have) is self defeating. When growth stops, investors dump the vehicle and jump on another.

In this case, Facebook has many other online properties including WhatsApp, Instagram and Oculus VR. They also literally have billions and billions of dollars.
 
PussyGalore

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I've always found corporate accounting to be ridiculous. I've actually managed several retail operations for nationwide corporations and the accounting they had the management staff do was neurotic. It was one thing to track daily/monthly sales but the companies always focused on last years sales and also future sales goals. They literally expected perpetual growth using last year's numbers as a metric and bonuses were based upon those imaginary numbers. If sales didn't exceed expected earnings we were taken to task by the district and regional managers and forced to sit thru lectures about how we could do better, blah blah blah. It made no sense at all yet that's how the corporate world thinks. Facebook is no different in this regard.
 
Rac80

Rac80

The Belle of the Ball
:shep_lol::shep_lol::shep_lol::shep_lol::shep_lol::shep_lol::shep_lol::shep_lol::shep_lol:
 
Overmind One

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I thought MySpace was going to be forever. Same with Netscape Navigator. :)
 
heisenberg

heisenberg

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Overmind One said:
https://www.houstonchronicle.com/bu...ares-Plunge-as-Growth-Stalled-by-13105783.php

The company’s shares plunged as much as 24 percent in after-hours trading, driving the market value down by $151 billion at one point. If the sell-off hits those levels in Thursday trading, it will mark one the largest collapses in value ever suffered by a U.S.-traded company in a day. The stock was down 17 percent at $181.25 in premarket trade Thursday, after having closed at $217.50 in regular trading.

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Failbook has betrayed it's followers so many times, betrayed it's advertisers and been arrogant and greedy like it's creator Zuckerberg. Its failing, and some thought it was invincible.
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Dude, seriously. People's money is not safe in the sharemarket. It's a casino/russian roulette wheel using dodgy derivative instruments that is leveraged to pump up the share price.

Brokers and Banks and corporation control the share price. People don't have a lot of money in the sharemarket. It's a trap set by the people in power to legally steal money from so they can run off with your hard earned money to go spend it on drugs/launder money finance. We only delayed what happened in 2008 but I don't see us getting out of this. There is not a whole lot of money left in the world.It's all been eaten up. Well will be. All this loss of billions is bullshit. Money doesn't leave the money supply. It simply gets transferred across to a different form of asset or instrument. They have the printing press and a lot of this buying is through bad debts/loans being exchanged and sold to other countries. It's sad that we don't get bailout money like the banks did. Your thread on growing your own might come in handy because shit is going to get really expensive and we could have our very own walking dead as people are going to be hungry and with no money and with hyper inflation about to set in, people are going to go to extraordinary lengths to get what they want for survival.

EVERYONE and I mean everyone and everything is on credit. That to me a disaster. How do you pay back this crappy debt?

Don't believe me? Go check out how badly amazon got shorted by 55 dollars and then it got pumped back up to 81 dollars and then it went down and then it up again and then eventually leveled out. There is something really dodgy shit going on here.
 
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YJ02

YJ02

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another example of how false our monetary system is. getting worse and worse as it is based on "stuff n the ether" (internet company)
 
heisenberg

heisenberg

Earl Grey
yongjin02 said:
another example of how false our monetary system is. getting worse and worse as it is based on "stuff n the ether" (internet company)
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It's just to fuel the fantasy of these sick and depraved assholes that run wallstreet and we allowed them to thrive. I have seen reality and it broke my heart. How can you have so much greed in you? All these so called IT jobs are just bullshit jobs. It doesn't make things better but makes life worse for us normal people but we got to play by their shitty rules. We have to fund their sick projects.

Why do you think they are all moving to new zealand and building underground bunkers. Most people don't realize this but the writers of the walking dead have a hidden message that the series WILL become a reality because without food and money Chaos runs rampant. Plus, it's not just going to be one, but this is a global problem. Everywhere you go, everything is on low interest rate. They can't lower it any further or increase it because the economy is crack open but you can't escape entropy. It will eventually break the shackles.
 
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Overmind One

Overmind One

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Overmind One

Overmind One

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heisenberg said:
That thing is going to tank too. They are all going to come crashing down. A massive correction is going to happen. There is no way. No way Amazon can keep on going.
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I think you might be wrong about that. Amazon is not just a business, it is a vital link between the internet and retailing. It connects with Millennial and business people and even those places where no brick and mortar businesses exist at all. It is bordering on a privately owned infrastructure. All it needs now is it's own distribution company. I think they should buy Fedex. But back to them not being able to keep going...why do you think that? Their overhead is really not that bad. They sell goods manufactured and sold by other retailers, which means they do not have money sunk into production factories, nor do they need a manufacturing workforce along with all of the healthcare costs and other stuff.
 
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PussyGalore

PussyGalore

Meow
Overmind One said:
I think you might be wrong about that. Amazon is not just a business, it is a vital link between the internet and retailing. It connects with Millennial and business people and even those places where no brick and mortar businesses exist at all. It is bordering on a privately owned infrastructure. All it needs now is it's own distribution company. I think they should buy Fedex. But back to them not being able to keep going...why do you think that? Their overhead is really not that bad. They sell goods manufactured and sold by other retailers, which means they do not have money sun into production factories, nor do they need a manufacturing workforce along with all of the healthcare costs and other stuff.
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Amazon is kind of reinventing the shipping industry in that they have large distribution centers around the country and then they have smaller warehouses where independent drivers come and pick up packages and then deliver them to Amazon customers. This basically cuts out delivery companies like UPS or FEDEX. (Although Amazon still does business with UPS on some levels.)

My brother drives for Amazon and he likes it a lot. He can pick his own hours and isn't constrained the way he would be if working for a different delivery company.
 
heisenberg

heisenberg

Earl Grey
Overmind One said:
I think you might be wrong about that. Amazon is not just a business, it is a vital link between the internet and retailing. It connects with Millennial and business people and even those places where no brick and mortar businesses exist at all. It is bordering on a privately owned infrastructure. All it needs now is it's own distribution company. I think they should buy Fedex. But back to them not being able to keep going...why do you think that? Their overhead is really not that bad. They sell goods manufactured and sold by other retailers, which means they do not have money sunk into production factories, nor do they need a manufacturing workforce along with all of the healthcare costs and other stuff.
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You don't understand. It doesn't matter how big or important a company is. If it can't pay its bills, if it can't deliver what it promises, it will perish. We all know how important amazon is and I don't think anyone denies that, but their share price is ridiculously expensive. It needs a corrections to keep itself alive but to me, having a single source that runs the entire internet is dangerous and is going to cause wide spread damage. I think having individual control, through block chain will be how we will share data and information which works very similar to how p2p works.

This drop for facebook should send warning signals that this is the beginning of the end for facebook and it's going to be the slow death of this company. I don't see this company surviving in the next decade or so.

Even banks such as deutche bank will collapse because it's all centralized. I don't see any banks surviving for that matter and we are going to have a massive rethink how we do transactions and we might do bitcoin/altcoin to do transactions and exchange information.
 
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YJ02

YJ02

Well Known GateFan
PussyGalore said:
Amazon is kind of reinventing the shipping industry in that they have large distribution centers around the country and then they have smaller warehouses where independent drivers come and pick up packages and then deliver them to Amazon customers. This basically cuts out delivery companies like UPS or FEDEX. (Although Amazon still does business with UPS on some levels.)

My brother drives for Amazon and he likes it a lot. He can pick his own hours and isn't constrained the way he would be if working for a different delivery company.
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i watched a doc on those independent drivers..seems they get hammered between the cheeks pretty hard from AMZ. no benefits and not getting paid for time they may have with traffic or a flat tire, etc

it just smacks of a big giant trying to get everything it can out of ppl. Cheap and selfish.. yes, i know, you may say that is naive and keeps my costs down, but F it, i'd rather pay more for workers to be treated well.
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out here all of our amz deliveries are from UPS and sometimes USPS for small packages

i dont even know how far away a warehouse is from here

and i cant envision some retiree throwing a 180lb gazebo into his car and delivering it to me! :) like the one i just got from them..came UPS
 
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