Facebook shares price fell -24%

[First77]

Never receive that kind of request.  I think is you who should be careful with your internet usage, your searching history.  You know, I love funny videos, dogs and wildlife vids and watch a lot of it on facebook and that kind of pages that is keep coming to my facebook timeline.  No porn or something like that.  LOL

I registered with facebook in 2011 [not sure] because of all the social media hype and testing. Then never logged in to my facebook account.

In 2017, I became online worker doing data processing, surveys etc.. and they needed facebook login so I came to facebook.

I have my own website. Offine due to less money. Why facebook for me ??

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[dev9t9ok]

Wow! Generally speaking it was predictable because as far as I know the institutional investors and smart private investors did not buy the shares from NASDAQ and S&P500 on the highs because it was obviously for everybody that shares were overheated. Companies are still buying back its own shares but it will be over soon I am sure that a trader who opens a short position on NASDAQ or S&P500 just in time of inception of falling will earn much but it need to be carefull because any short position is very dangerous.

[GalaxyWorld]

It is perfectly normal for shares of large firms to rise and fall due to many reasons and it doesn't mean that the future of the company is at risk if becoming a failed company, so why make so many issues about Facebook shares being low at this point? Facebook is a leader in the social media sphere and has a lot of future and massive revenue to make.

Facebook shares plummeted significantly in the world financial markets, and it created a huge shock for Facebook. The world financial market is very difficult and cryptocurrency is a market that attracts a lot of financial investors around the world.

[First77]

It is kind of interesting to note, those who always accuse bitcoin of being volatile and therefore not worth an asset will be left questioning their stance.

I agree. Bitcoin never fell -20% in one day or one hour     

[ideal_coin]

Sort of expected it with the recent scandal involving Facebook and data privacy.

[stompix]

This is just market manipulation and panic selling...

The reasons quoted for the decline is this:

The stock market collapse came after the company warned investors to expect a significant decline in growth rate, and revealed that the number of users in Europe had fallen from 282 million to 279 million.

Lols, a 3 million, or 3% decline in user accounts in Europe is triggering a 20% fall in share prices.
Really?

Oh, and @First77, please stop playing around with numbers...
It was 20%, not 24, and it's already below 18

[satana_igor666]

I always did not like facebook.  I do not know why, but we did not get along and many people think so.

[Direwolve735]

Facebook shares fell more than 20 percent after it became known that the network's revenues and the growth of its users did not meet the expectations of investors. Facebook is definitely experiencing hard times, the growth of active users by 11% since June 2017 has become the slowest in the last two years. This is disturbing news for the campaign. Facebook even warned investors that in 2019 the company's expenses could exceed revenues.

[Girlsbit]

Yesterday, facebook shares price fell -24% on DOW Jones  

https://www.marketwatch.com/story

Is this beginning of the end of .com and tech bubbles ?

Everything happens, the giants can also fall, the main thing is whether they can rise.

[isidrorex]

I think the rise of Cryptocurrency has something to do with it because as we all know, cryptocurrency is widely-spreading across the world and day by day more and more investors are coming in that is why they tend to focus in investing in Cryptocurrency rather than investing in companies shares that sometimes are not really a good move because it is the company only that benefits the people's investment.

[lyfecoin]

Zuckerburg and insiders sold over $4 billion worth share in last 4 months.I think FB will fall another 10 to 15% in coming days

[Dimon888]

I think this is a temporary phenomenon, which is connected with the publication of the report. After all, they expected a larger increase in their users. They increased, but did not reach the planned growth. Now facebook in all the news. A kind of good advertising.

[banks38]

It's amazing people are not paid to use that horrible information stealing website.  Of all the social media corporations to me Facebook is the absolute worst.  Cannot wait for the day that POS is kicked to the curb. 

[shinharu10282016]

When FB, Twitter, Pandora, Zinga, and Groupon went public I was following their shares just out of curiosity, since it seemed like a replay of the internet stock boom of the 90s--and we all know how that ended.

I wasn't even aware that FB shares had gotten over $200, so that was kind of surprising to me.  $173.50 seems like it's still a really high valuation on a tech company that's probably never going to pay a dividend.  But that's what happens with these stocks.  If they miss an earnings target or lower their revenue forecasts, they get hammered.  Investors are looking for a good tech story, and if they see signs of weakness in that story, they sell.  FB and the rest of those tech companies are highly speculative.  Not as bad as the internet companies of the 90s which had zero profits and sometimes horrible, unsustainable business plans, but speculative nonetheless.

Having said that, I don't think this is the end for social media stocks.  It's probably more like a big bump in the road.  The rest of the market is still raging, and unless investors start selling off everything, FB and the rest will continue upward.  This is definitely a good reality check for everyone.

Prolly not yet the end. We have to see and wait how they are going to cope up with what had happened with their stocks. I really think it might be because of something we don't really know. How the price fell or what's the story behind it. I believe they'll be here in the next 5 years. We won't be seeing gone socmeds at least at that time.

[silentbook]

It's the beginning of the fiat bubble, beginning of the data-selling bubble. We are beginning to take control of our information!

[darkangel11]

This is just market manipulation and panic selling...

The reasons quoted for the decline is this:

The stock market collapse came after the company warned investors to expect a significant decline in growth rate, and revealed that the number of users in Europe had fallen from 282 million to 279 million.

Lols, a 3 million, or 3% decline in user accounts in Europe is triggering a 20% fall in share prices.
Really?

Oh, and @First77, please stop playing around with numbers...
It was 20%, not 24, and it's already below 18

So, not only crypto investors are prone to panic. FB claims to be a real life company, but a 3% fart can trigger an avalanche. Even if it's 18% not 24, it's still a significant loss without a reasonable explanation. While some people claim that BTC is full of speculators that came in for the money not knowing anything about fundamentals, this situation with FB proves that its price is hanging by a thread and is able to generate huge losses for investors if anything happens (FUD or not). BTC is starting to look more and more robust compared to these "giants".

[First77]

Is this beginning of the end of .com and tech bubbles ?

Ponzis crash under their own weight.

[btc78]

Having said that, I don't think this is the end for social media stocks.  It's probably more like a big bump in the road.  The rest of the market is still raging, and unless investors start selling off everything, FB and the rest will continue upward.  This is definitely a good reality check for everyone.

5 days back, I deleted my facebook account and yesterday facebook fell -24%

I was getting hundreds of friends request from porn/sex websites, prostitutes, homosexuals, nude people, pictures of people with AK-47 rifles etc....

Be careful on the internet.

How come that you have that kind of friend requisitions?i have been a facebook user for 7 years before i deactivate my account but never had an experience of having such,maybe youre entering sites that has been connected wth those kind of person

But regarding to OPs post well thats the effect of being greed of zuckerberg ,stones now are throwing back against him for what he did in crypto

[First77]

How come that you have that kind of friend requisitions?i have been a facebook user for 7 years before i deactivate my account but never had an experience of having such,maybe youre entering sites that has been connected wth those kind of person

I am Twitter user since 2012. Never had any problems like facebook. WHY ?? Facebook is the real criminal

I have 331 tweets/posts and 13 followers on Twitter. See below

[player514]

Yesterday, facebook shares price fell -24% on DOW Jones  

https://www.marketwatch.com/story

Is this beginning of the end of .com and tech bubbles ?

This was definitely a huge hit for Facebook, and the shares fell down a significant amount, affecting a lot of people. However, I don’t think this is the beginning of the burst of the .com bubble. There are a lot of factors that were the cause of Facebook’s shares falling, the largest being the recent scandals Facebook has been a part of. After reporting their Q2 earnings, Facebook took a large hit, but they can and should be able to recover from this hit. It will take a lot more for Facebook to fall of the face of the Earth. Another fact I read was about Europe and the new advertising laws, which is Facebook’s primary source of revenue.