Facebook shares price fell -24%

[First77]

Tesla loses $717.5 million in Q2, breaking own record from previous quarter

Electric car maker Tesla has racked up a record $717.5 million net loss in the second quarter of 2018, twice the previous year's number. Embattled CEO Elon Musk promised to plug the loss gap with a massive production increase. Tesla, which has posted profit only in two quarters since becoming a public company eight years ago, broke another record for quarterly net loss on Wednesday, smashing the previous record of $709.6 million set in the first quarter.While the new milestone is only slightly higher than the previous one, the contrast is more drastic in comparison to the same period last year.  In 2017, the innovative tech company reported a net loss of (only) $336 million in the second quarter. While Tesla so far has been mostly losing money at a growing pace , Musk reiterated on Wednesday he expects the company to become profitable as soon as the next quarter after it boosts production of its Model 3 vehicle, envisioned for mass marketing.

After the results were posted, Tesla issued a statement saying  that it plans to churn out from 50,000 to 55,000 vehicles in the third quarter, an ambitious goal, given its recent frantic scramble to increase output to 5,000 cars a week. While Tesla hit the long-delayed target in June, the process put additional strain on the company, forcing it to spend millions to ramp up production.While the electric car maker has failed to generate profit for yet another quarter, the trend has not apparently discouraged the market, with Tesla stock gaining 11 percent and trading at $334.18 per share after the statement was released.

https://www.rt.com/business

[First77]

Facebook shares are down because of the weakness of facebook security system, many hackers who can enter the Facebook system and steal data dab people it all resulted in down the level of trust Facebook users so that the impact on the stock price itself.

It's all about the game and how you play it.

[First77]

You do not get friend requests from people out of the blues. You must visit similar profiles to get requests from such people. So your weird requests did not just happen. You asked for that.

A google executive was killed by $50,000 prostitute or high end prostitute. That high rank google executive/manager fell for the beauty of a prostitute. Google has such employees at high positions. What will Google give to worldwide people. Think about it.

[wyplashdea]

Any news abut the fall of FB? I was hoping some kind of news appearing these days justifiying the fall of FB, usually the market disscounts this kind of feeling before the news just as it ha always done. Thanks!!!!

[First77]

Now facebook share price is $183. Scammers at work

[Vorzlave]

When users don't like alghorytm social media they will leave it and I think Facebook needs to start fixing it from there actually when millennial has started to leave Facebook for baby boomers Facebook is a new thing. Facebook needs to see that opportunity and move it to process it as a path to victory.

[alfs75]

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 ?

Will, maybe in my own thoughts one could affect the fallen of facebook shares price due have negative news about in  not implemented  the advertisement of cryptocurrency now,because as of this moments we heards some humors thats facebook coulds not allowed the crypto to make an advertisement about crypto currency thats why i thinks,thats this will bring negative impact to the facebook community.

[Camorra Dev]

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 is seems like we're heading towards a great economic destruction... The situation all around in all the areas of market is really unstable, something like a storm is approaching, and we cannot be ready for that...

[andriw]

One of the causes of the decline in Facebook's share value was the result of a case of abuse of Facebook user data by Cambridge Analytica, and triggering distrust of users which resulted in a decline in Facebook user growth on a monthly basis.

[Capt00]

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 ?

Will, maybe in my own thoughts one could affect the fallen of facebook shares price due have negative news about in  not implemented  the advertisement of cryptocurrency now,because as of this moments we heards some humors thats facebook coulds not allowed the crypto to make an advertisement about crypto currency thats why i thinks,thats this will bring negative impact to the facebook community.

Well, that is possible to happen that Facebook shares price was down due to having recently rumors regarding they prohibited the cryptocurrencies ads which are very helpful to them. Those projects are willing to pay just to get ads on Facebook but now they refused I guess that has a real effect on their community.

[boyshx]

I am sure it is not because this industry is really bigger one. The market of Facebook fluctuated because of internal and external factors and different deeds of Facebook founder Mark, who was not able to secure the public data properly. This news might have got many things to do with the current situation. Also it is true that Facebook is striving really hard these days and many people are deactivating themselves from the Facebook for security reasons. This has got to do many things with this share fall surely. I am not sure about its recovery but surely it will come back up with its shares.

[lilli_stitch]

I do not see FB dying anytime soon.

They are doing major changes to their platform to keep the users engaged. Also, they keep adding acquiring other popular social networks so as to increase their user base. Mark Zucerberg is still young and has lot of energy and passion to keep FB moving forward. However, platforms like Twitter are not going to last long if they do not take some major steps to control spam.

Changes like what? I heard they wanted to roll out a dating platform. Wouldn't that be something! Facebook becoming the new Tinder.

Denying crypto adverts is not a big enough reason to cause a 25% selloff on Wall Street. They could care less if a platform has such ads.

Cambridge Analytica is old news. That happened several months ago.

Facebook posted shitty gains and much lower than expected new users. People are going elsewhere because it's a dead platform.

[The Sceptical Chymist]

Facebook posted shitty gains and much lower than expected new users. People are going elsewhere because it's a dead platform.

I like your attitude. 

Looks like FB rebounded somewhat and is now $180.  As I said in a previous post, I don't watch FB like I did when it first came out and I was surprised when I took a look at it recently--it has a P/E of about 28.  While Warren Buffet might not touch a stock with a multiple that high, it's nowhere near where I thought it was.  Facebook actually has decent earnings, and I own some stocks with higher P/Es than where FB is at.  When you think about how insane the internet stock boom of the 90s and early '00s was, FB isn't in that same category.  Very, very few of those old internet companies had any earnings at all.  Some of them didn't even have any revenue, just a stupid business plan that appealed to the venture capitalists!

That said, there's no way I'd buy FB stock.  I'm not sure they're going to die, because I still see a lot of people who can't pry their eyes away from their smartphones because they're on Facebook.  There's definitely that addictive quality there that you find in products like tobacco, and there's a lot to be said for that.  Plus I think they're expanding the scope of their business through some acquisitions if I'm not mistaken.  The bottom line is that they don't pay a dividend and may never.  Most tech companies don't, which means you don't get any income from owning the stock.  That's distasteful to me.

[lilli_stitch]

Facebook posted shitty gains and much lower than expected new users. People are going elsewhere because it's a dead platform.

I like your attitude. 

Looks like FB rebounded somewhat and is now $180.  As I said in a previous post, I don't watch FB like I did when it first came out and I was surprised when I took a look at it recently--it has a P/E of about 28.  While Warren Buffet might not touch a stock with a multiple that high, it's nowhere near where I thought it was.  Facebook actually has decent earnings, and I own some stocks with higher P/Es than where FB is at.  When you think about how insane the internet stock boom of the 90s and early '00s was, FB isn't in that same category.  Very, very few of those old internet companies had any earnings at all.  Some of them didn't even have any revenue, just a stupid business plan that appealed to the venture capitalists!

That said, there's no way I'd buy FB stock.  I'm not sure they're going to die, because I still see a lot of people who can't pry their eyes away from their smartphones because they're on Facebook.  There's definitely that addictive quality there that you find in products like tobacco, and there's a lot to be said for that.  Plus I think they're expanding the scope of their business through some acquisitions if I'm not mistaken.  The bottom line is that they don't pay a dividend and may never.  Most tech companies don't, which means you don't get any income from owning the stock.  That's distasteful to me.

Yeah if I wanted something that didn't pay dividends I'd buy futures contracts on commodities. It's quite pointless to be spending so much on stocks and not get anything back but speculation.

One other thing I saw today is the government is looking to get Facebook to break their encryption for criminal probes, which got me thinking that a lot of the speculative money behind them is probably coming from government associates. They're probably being propped up as they are the most valuable source of information available these days.

But they have been diversifying, for sure. Instagram is the new social media of choice, which they own. Advertisers prefer it too, so they must be getting lots of revenue from it.

[First77]

Donald Trump: Social Media Giants are silencing millions of people. Can’t do this even if it means we must continue to hear Fake News like CNN, whose ratings have suffered gravely. People have to figure out what is real, and what is not, without censorship!

https://twitter.com

[carlisle1]

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 ?

Worldwide economy are dropping now and facebook is not exempted on this so bother nothing since i believe that everything is on this side also..and even if facebook drops 100% i dont care because that site is a traitor to cryptocurrency.after banning ico advertisements,they release their own coins

[The Sceptical Chymist]

Yeah if I wanted something that didn't pay dividends I'd buy futures contracts on commodities. It's quite pointless to be spending so much on stocks and not get anything back but speculation.

I agree with this wholeheartedly, but many speculators don't.  For one thing, you don't have to pay capital gains tax unless you actually sell a stock and realize those gains--and you DO have to pay tax on dividend income.  I see the advantage of that, even though I still prefer getting dividends.  Dividends, if they're consistent, at least provide a baseline gain% and some cash every quarter.

But they have been diversifying, for sure.

Not surprisingly.  Many corporations are seeing their organic growth slow down, so they have to do acquisitions to artificially prop their growth and profits up.  Sometimes it's a good long-term decision, sometimes not.  I'm not a big fan of social media in general, as I see it as a toxic aspect of society, and I'm even less a fan of the stocks of social media companies.  Some of them, like FB, are making tons of money now, but I'm not sure if that's viable in the long-term. 

By the way, FB stock hasn't rebounded at all since this thread was started.

[First77]

By the way, FB stock hasn't rebounded at all since this thread was started.

Failbook, Fakebook, Fuckbook. Facebook is going down.

[drm]

By the way, FB stock hasn't rebounded at all since this thread was started.

Failbook, Fakebook, Fuckbook. Facebook is going down.

As much as I hate facebook they could potentially introduce bitcoin and crypto to so many people if they would do it right.

[Bumblecoin]

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 ?

Maybe facebook is not the right site for crypto currency or facebook does not really support crypto currency. Maybe we will just not focus in using that site and take move on the other sites.