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Funny how leftists seem to avoid these FB stock threads like the plague. On one hand, we have an incident of sticking it to one of those "greedy, rich capitalists". On the other hand, he's that leftist hero who censors opinions they don't like.
They won't talk about this until their favorite propaganda network tells them what their opinion is.
Facebook and the data they gleamed from watching what you watched was blamed for gathering that data and selling it to those who were able to create targeted political advertising in key states. Thus Donald Trump became President.
To stop that backlash of it being "our vault" Facebook announced that they would stop doing their actual business, the collecting and selling that data on you. But still people were mad at them and figuratively fining Facebook by refusing to use its site. Without the revenue from selling data about you and fewer people on the site being exposed to the advertising on Facebook the investors looked and saw the Facebook Emperor wore no clothes, that there was no money in running a free individual bulletin board site and the investors started to sell trying to get out with pennies on the dollar of the pre election worth of Facebook.
So now Zuckerberg can't have the types of foundations like Bill Gates does unless he was properly diversified in his investment portfolio.
There is no way they were fined that much, where is the story?
There net worth is only $138 Billion.
I'm surprised the original post went over so many heads. It's a gag - because they lost money. In other words, the government doesn't have to fine them, the market will make it's own correction.
Status:
"everybody getting reported now.."
(set 21 days ago)
Location: Pine Grove,AL
29,550 posts, read 16,536,658 times
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Quote:
Originally Posted by neko_mimi
Funny how leftists seem to avoid these FB stock threads like the plague. On one hand, we have an incident of sticking it to one of those "greedy, rich capitalists". On the other hand, he's that leftist hero who censors opinions they don't like.
They won't talk about this until their favorite propaganda network tells them what their opinion is.
Im not sure why you believe anything you just said.
I have never heard anyone argue Zuckerburg is a leftist hero other than conservatives.
Status:
"everybody getting reported now.."
(set 21 days ago)
Location: Pine Grove,AL
29,550 posts, read 16,536,658 times
Reputation: 6033
Quote:
Originally Posted by MPowering1
I'm surprised the original post went over so many heads. It's a gag - because they lost money. In other words, the government doesn't have to fine them, the market will make it's own correction.
Its a flaw premise either way.
Facebook lost "Value", not a single dime in actual revenue.
And even that lost value will be regained seeing as Facebook is still growing, the lose happened because they missed projections.
Status:
"everybody getting reported now.."
(set 21 days ago)
Location: Pine Grove,AL
29,550 posts, read 16,536,658 times
Reputation: 6033
Quote:
Originally Posted by t206
Thats not happening. There is a fundamental swing happening with FB right now. They claim they are spending lots of money on "security" but they also have a huge issue with fake accounts and diminishing user activity. It will be interesting to watch. Instead of being the darling stock that can do no wrong, they are going to need to put on their big boy pants and actually run the business in a profitable way rather than relying on hype to drive the stock price.
The problem with your argument is that much of the "user activity" that has diminished was fake accounts.
All these security corrections may in fact make facebook more profitable in the long run if they can prove to advertisers they are reaching more real people
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