Facebook shares price fell -24%

[First77]

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 ?

[1714173531]

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[1714173531]

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[The Sceptical Chymist]

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.

[First77]

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.

[nicster551]

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 should go down sometimes. Maybe it is just a normal pullback. Facebook is being used by many people in all around the globe? Why would it go down? It there any competitor? None!

[Theb]

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

No, these ".com" websites you are talking about are definitely not "tech bubbles" as if you haven't seen lately a lot of us now are social media zombies which spend more time scrolling in the app/website rather than actually socializing. I am guessing that you are new to the stock exchange market so I'll explain why the stock price fell, first of all Facebook didn't record any income loss they actually have a sales increased of more than 41% last year but it was lower compared to the expected growth rate of analysts, and obviously some investors and financial companies somehow translated this negatively and started to sell their stocks of Facebook, and with other investors seeing big players offloading their shares they will also start to sell their shares too. This is also another way for these big players to take profit while obviously buying back Facebook shares on a lowered price. This is an example of how big players use their influence to gain profit in the market, just like what our whales are doing in the cryptocurrency market.

[BitcoinMarketer39]

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 the rumors is true that facebook will actually manage a market which is binance, in order to boost up their shares and they will engage on cryptocurrency.

[Maestro75]

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.

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.

[coly20032003]

Yeah I also saw the news. In fact the last time I use facebook is about one or two years ago, and a lot of my friends stop using it as well. The current price $200 does seem to be a little high, it is normal for the market to do some adjustment. Also, the earning report may affect the market confidence.

[FruitPunchSamurai]

.com tech bubbles ?? These .com tech companies are expanding far greater than being just a social media platform, specially facebook. I won't call them bubble, no no.
Looks like facebook lost more than $100bn, $173.5? that's a very steep hit price?  
It's just a bump, facebook handled a similar downfall well in the past, if i remember correctly.
I guess this is what happens when they scare the investors by saying that the revenue growth will decelerate in second half of this year, although such a major hit was really unpredictable.

[davis196]

Social media platforms are a big bubble and Facebook is the biggest bubble of all the other bubbles.There are 1,7 billion FB profiles,but how many are the fake or dormant profiles?All the young people don`t think that Facebook is cool.They are moving to other platforms.User growth is going down and that makes the FB stocks to fall.

[First77]

Social media platforms are a big bubble and Facebook is the biggest bubble of all the other bubbles.There are 1,7 billion FB profiles,but how many are the fake or dormant profiles?All the young people don`t think that Facebook is cool.They are moving to other platforms.User growth is going down and that makes the FB stocks to fall.

I read that you can buy 50,000 facebook users [whatever] for $8000

[electronicash]

the rise of blockchain companies are more likely to replace the Markets. maybe Mark himself dumped his own shares in preparation for the migration to blockchain or whatever. if facebook indeed going to be creating their own tokens, maybe we'll see it on market soon. social media rise and falls though, another social media platform might exist to replace it too.

[First77]

.com tech bubbles ?? These .com tech companies are expanding far greater than being just a social media platform, specially facebook. I won't call them bubble, no no. Looks like facebook lost more than $100bn, $173.5? that's a very steep hit price?  

Did you read, google got fined $5 billion by European Union for illegal practices

Search in google.com   

[Hydrogen]

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 ?

People say the dot com and tech bubbles popped but last I checked the majority of newly made millionaires and billionaires are involved in some type of tech or internet business. There are still many great opportunities and hot investments in tech even though investors aren't throwing ridiculous sums of money into random tech or internet start ups anymore.

I can't say if facebook's stock decline is related to backlash from its recent surveillance expose. I think social media sites like livejournal, myspace and perhaps facebook have a set lifespan and potentially an expiration date. We do know that facebook chose to unblock advertisements related to crypto currencies and ICOs. That unblocking of crypto ads could represent a 1st indication facebook was in need and money and searching for ways to boost revenues to meet estimates.

I thought snapchat's stock was overvalued when it opened near $20. Its down near $13 today. The market is so oversaturated with social media networks and private messaging apps. Perhaps it was time for a market correction.

[1Referee]

It's not as bad as it looks.

Institutions are often tied to very strict regulations that requires them to not participate in speculation, which basically means that they can't sell their shares in large quantities unless something has fundamentally changed and they are forced to do so to protect capital. In other words, some institutions used the not so fruity outlook as an excuse to secure a massive amount of profits while it's still hovering around all time high levels.

With how the money press is pumping so much value in the economy, it wouldn't surprise me to see Facebook's stock reach another all time high in the next 12 or so months.

[leavolnhals]

This may be the most shocking news in the world today. Facebook is a social network that is being accessed by millions of people every day. But because of that, FB is losing control. There are billions of FB accounts, which are used for personal and business purposes but there are also individuals and organizations that use FB with bad intentions such as ghost companies, propaganda, reactionary, photo sharing. The image is affected, affecting the FB user. This is unlikely to be used on social networks.

[bobo012]

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 ?

I have noticed that facebook is not interesting anymore to a lot of people, one of them being me. So i have deleted facebook around half a year ago and havent look back since. I just dont see added benefit in it any more. It has become dull and there is nothing important or fun anymore. Just ads or pictures of food.

[scoin9]

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.

[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.

That means porn/sex websites, prostitutes, homosexuals, nude people, people with AK-47 rifles, drug cartels, terrorists, scammers/frauds, criminals, sex maniacs are members/users of Facebook.

[tiurminator]

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.

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