General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFacebook plunges, wiping out more than $50 billion in market value
Facebook stock fell as much as 8% Thursday after the company reported fourth-quarter earnings Wednesday evening.
The drop erased more than $50 billion from the social media giant's market cap, which now sits below $600 billion.
The drop comes after Facebook reported a 51% rise in expenses compared to its total in 2018. The expenses were largely related to the company's privacy and security improvements. That coincides with a drop in the company's operating margin, which fell from 45% in 2018 to 34% in 2019.
In addition to the increased expenses, Facebook also warned of advertising headwinds related to privacy and regulatory changes on the horizon. Facebook also said privacy improvements on Apple's iPhones and Google's Android software could hurt its ability to target advertising. In a note to investors Thursday, Pivotal Research Group reduced its rating from buy to hold on those advertising concerns.
https://www.msn.com/en-us/money/companies/facebook-plunges-wiping-out-more-than-dollar50-billion-in-market-value/ar-BBZu8Q9
RandySF
(58,755 posts)sinkingfeeling
(51,444 posts)Perseus
(4,341 posts)onenote
(42,690 posts)Blue_true
(31,261 posts)fescuerescue
(4,448 posts)Im guessing that they would just then go to this new company.
Im sure it would work out better this time, since it's the same people, with the same attitudes and culture.
ZZenith
(4,119 posts)and wouldnt work for the likes of Zuckerberg.
onenote
(42,690 posts)who deserve to be jobless?
ZZenith
(4,119 posts)Think of how many people would be without their livelihoods if we did!
NCLefty
(3,678 posts)Blue_true
(31,261 posts)What replace it can have a policy of censoring obvious lies, bots and hate groups and hate speech. This is not rocket science.
Blue_true
(31,261 posts)2naSalit
(86,532 posts)this is a trend that continues until fb is no more.
Blue_true
(31,261 posts)Nature Man
(869 posts)shit company.
sarcasmo
(23,968 posts)Agreed, garbage company.
scheming daemons
(25,487 posts)Scotch-Irish
(464 posts)holding up Rupert Murdock's stock. Murdock's been the Saudi's baby for a long time.
LAS14
(13,783 posts)we can do it
(12,180 posts)Raster
(20,998 posts)...needs to be investigated about his and Farcebook*s involvement in the 2016 election hacking. It's time for the arrogant little prick to face the consequences of his actions.
#DeleteFacebook #Farcebook
smirkymonkey
(63,221 posts)gristy
(10,667 posts)I seem to be in the majority here!
Yavin4
(35,433 posts)Soon, individual states will start enacting their own laws. Gone are the days of selling user information.
Hekate
(90,642 posts)Coventina
(27,101 posts)Way to go, Europe!!!
WA-03 Democrat
(3,039 posts)oasis
(49,376 posts)Blue_true
(31,261 posts)If Facebook is dying, that won't be Facebook.
underpants
(182,763 posts)Thats a like
maxsolomon
(33,298 posts)but Twitter, the company that enables President Abusive Gaslighter, that's DIFFERENT.
DU can't get enough of posting Tweets.
Raster
(20,998 posts)...about the continuing abuse of terms of service by #tRump.
To the best of my knowledge, Twitter has not been implicated in the 2016 Russian* hacking of the American elections. Do you have other information?
maxsolomon
(33,298 posts)I didn't say they were implicated.
I hold the OPINION that they are ALSO toxic to our Democracy.
thank you for tweeting at them.
Raster
(20,998 posts)...however, Twitter has refused political advertising and has made good faith efforts to weed out blatantly untrue tweets. Unfortunately, tRump*s tweets are now official presidential communications, so pulling the plug on tRump* could/would have legal ramifications. The true test for @Jack and @Twitter will be once the #OrangeAnus is voted out of office. If Twitter allows #tRump to continue after January 2021, then we have a major problem and I will be one of the first to delete my Twitter account and take other actions.
blogslut
(37,997 posts)See these words? They appear courtesy of Democratic Underground - a Social Media provider.
People talking to each other is good, even digitally.
The problem is when social media platforms, like all businesses, get so big they turn into uncontrollable monsters. Monopolies are bad in any format.
LisaM
(27,801 posts)Interestingly, it's when Facebook tries - or is forced - to clean up its act a little, it's the investors who have an issue with it.
That said, it's so true about Twitter. I think they've enabled Trump more than any other company, because it predates the 2016 election by years.
BannonsLiver
(16,369 posts)cwydro
(51,308 posts)Anyhow, theres plenty here who use FB regularly.
Seems every day I log in to see another boring story about what some MAGA acquaintance has posted, or some long tale about how some DUer has bravely taken on legions of Repubs- defeating them all on his FB page.
Recursion
(56,582 posts)$50 Bn did not "disappear". That $50 Bn never existed.
blogslut
(37,997 posts)jcgoldie
(11,631 posts)Never had it never will.
blueinredohio
(6,797 posts)and get rid of Facebook. Let them go bankrupt.
Blue_true
(31,261 posts)so you see the actual face of a relative while talking to that person.
Meeker
(31 posts)redstatebluegirl
(12,265 posts)kimbutgar
(21,127 posts)He is a Russian traoitor who is selling out our contrary to a right wing cretin mf45.
mathematic
(1,439 posts)Some people who only get their financial news from DU might end up thinking that Facebook is in dire straights. It's still kickin'.
It's actually up more than 30 percent from its lowest point during the past 12 months.
klook
(12,154 posts)and Facebook keeps reeling in the profits as it sells their data.
progressoid
(49,978 posts)Blue_true
(31,261 posts)Why do you need sites like that? Cellphones allow you to face time people, so you can see relatives, kids, grandkids in real time while you talk to them.
progressoid
(49,978 posts)Should have used a
Blue_true
(31,261 posts)PatrickforO
(14,570 posts)calimary
(81,209 posts)Rebl2
(13,490 posts)Hope it keeps on dropping
yaesu
(8,020 posts)Progressive dog
(6,900 posts)improve their profits. A good first step would be to replace Zuckerberg with someone who cares about the survival of democracies.
yaesu
(8,020 posts)Blue_true
(31,261 posts)It's report is bullshit. Progressives finally see that they need to drop Facebook and many are. So Facebook come up with they are spending a lot to upgrade security on the platform, bullshit, they are doing nothing but continuing to allow lies and sabotage. They are trying to keep progressives that remain from leaving. Please leave and send that company into the dustbin of history.
fescuerescue
(4,448 posts)since expenses and revenue have to be reported to the public. Also they publish user counts so we can see first hand the drop in membership.
And If they published a false report, then that's a crime too.
Either of those scenarios have the potential to send Zuckerburg to prison.
It could be true.
Or it could just be that markets are fickle and hate seeing FB spend money, even if it's on security and privacy.
Srkdqltr
(6,271 posts)onecaliberal
(32,818 posts)Hoyt
(54,770 posts)just one company. Gonna have to tax more than million/billionaires (on paper).
crickets
(25,962 posts)MerryBlooms
(11,761 posts)Twitter should be equally scrutinized and shunned. DU supports both social media outlets. There are hundreds of Twitter and FB posts here daily, including trump's twitters. There's no real backlash here against FB or Twitter. Meh.
Blue Owl
(50,348 posts)n/t
scarytomcat
(1,706 posts)Just stop & false ads