patrick.net

Do you understand that stock valuation is not dependent on company performance? In a free market that wouldn't be the case, but the game has long been rigged. FB is a canary. Not the first or only, but they are a warning. The moves in their stock represent everything wrong with our economy. Inflation, centralization, rampant speculation, corruption, almost all products being service based instead of actual physical commodities. In summary, the historical fruits of fiat currency and central banking.

MOTHERFUCKING FUCKBOOK IS FUCKING DYING!!!

The whole move to "metaverse" strikes me as highly idiotic. Think about it: they started making money only after they moved from desktop-only to mobile. The reason is obvious: with mobile their users are constantly there - on the toilet, in bed, on a bus even while fucking driving their cars. Now they say not only you have to make a special time and arrangements to use their shit you also need to wear some kind of helmet or goggles on your head? It will totally bring the time spent on the site down which is exactly opposite of what they need. And it bumps up the price of entry for new users. Which is again opposite to what's needed.

If Zuckfuck didn't control so
much of the stock he would be ousted by the board about now.

errm.. Feb 22, 2021, FB price: 257:62 price today: 226 .. That's only a $30 per share decline. What happened was a crazy runup that is reverting because there were no fundamentals to support it.

Facebook will probably slowly die, it will probably take about the same amount of time it took to build up so in ten or less years it will be like myspace. Somebody will buy it for its information on a whole generation.

Facebook=Surveillance State pitted against the people camouflaged as altruistic connection. As the altruistic charade dropped, the true purpose emerged with the baleful reptiles behind.

NuttBoxer says

Do you understand that stock valuation is not dependent on company performance? In a free market that wouldn't be the case, but the game has long been rigged. FB is a canary. Not the first or only, but they are a warning. The moves in their stock represent everything wrong with our economy. Inflation, centralization, rampant speculation, corruption, almost all products being service based instead of actual physical commodities. In summary, the historical fruits of fiat currency and central banking.

re: Do you understand that stock valuation is not dependent on company performance?........uhhhhh....yeah
My question is why are people dumping this stonk and not others?

Why isn't Zucker and his butt buddy banker friends defending his stock? Where is the PPT?

komputodo says

My question is why are people dumping this stonk and not others?

It's the CNN of social media.

komputodo says

My question is why are people dumping this stonk and not others?

The problems I mentioned lend themselves to panic. Panic is not rational. And I'm guessing rational explanations are what you're after.

I think the reality of Facebook's decline is becoming apparent to investors, at the very least.

Maybe they are now also starting to question the unrealistic user numbers. Perhaps they smell fraud.

Patrick says

Maybe they are now also starting to question the unrealistic user numbers.

FB ran out of third world country people to sign up?

How many people have now gone for job interviews and had their Facebook shit embarrass them or lose their jobs for them. Even stupid people have to realize after a while it is a surveillance tool to get individuals and their associations on the record for the evil powers.

Facebook makes its money from advertising and someone noticed that Facebook had a decline of membership which would translate to decline of ad revenue.

At least I think that has happened.

Stocks get hammered very easily after going up rather fast.

I guess if you wait Facebook will be back up but I don’t know in how many months.

These assessments all sound fine until you realize what prompted OP's question is FB suffering the largest one single day drop in market history. You can't throw the old axioms at a 200+ billion dollar loss. And I don't give a shit what the value is now. Anything that ping-pongs like that is NOT an investment, it's suicide.

What is the big deal?
FB is down 31.55% year to date.
This happens to a lot of them.
I hate Facebook and wish them the worst and a pox on Zuckerberg.

clambo says

What is the big deal?

No biggie.......just that Facebook’s $232 billion fall sets record for largest one-day value drop in stock market history..that kinda shit happens every week.

a year or so ago when apple was considering a pro privacy move for ios users by changing things so that instead of automatically enabling the "advertiser id", the user would need to opt in to it. That tracking id is very valuable to advertisers because it, unlike cookies, cannot just be easily cleared - its a much better way to track users. And of course, if they need to opt in to it, you cant expect them all to do it, so only a fraction of users can be expected to do it.

Facebook knew that change would hurt them badly, so they made a big stink and I think even threatened to sue, but apple went ahead and did it. FB then told investors that they didn't think it would hurt them too badly in the short term, and even less so long term, so the stock didnt tank back then.

But I think I read something recently that said that apple change is hurting FB now that theyve seen the longer term effects.

Basically, they missed earnings and the miss was for bad reasons. Theyre losing users and their advertising revenue growth forecast was adjusted down a lot, I suppose due to a combo of losing users to tiktok, and generally less effective advertising due to the apple thing.

Since FB is a big tech high-growth company that was in a growth spurt, the stock price was relatively high due to anticipation of continued rapid growth in the near term. But since that growth expectation was reduced, ppl are less willing to pay a high price. I imagine many investors worry a tiktok or another competitor will sweep their user base away, and it seems like it could happen, especially since young people are fickle and rapidly jump to the latest and greatest, and dont want to use FB since their grandparents now use it.

FB may also see the writing on the wall, and I think thats why theyre betting on the metaverse. If they pull it off, it would be a platform and ecosystem they largely control, and could monetize. I think the development costs are significant, and a big company like FB has the deep pockets and skills needed to build it, and the user base to make it appealing to users. They probably wouldnt have much competition in the early years, and so they could be in the driver seat and make big bucks. I can see many ways to make enormous money from it, but I just dont know if it will catch on much at first, although IMO its hard to imagine a future without a metaverse - it just seems like such a natural tech progression.

If there's one thing this scamdemic has taught us, it's don't underestimate how far some will go to deny reality. These explanations all came out right after the stock tanked. I think economics is right up there with healthcare when it comes to subjects so many people are mis-educated about.

komputodo says

What the hell is going on with FB?

FB has been a cash generating machine. The market is concerned that won't be the case anymore due to beta, er I mean meta and also due to Apple's new privacy feature:

https://www.wsj.com/articles/facebook-feels-10-billion-sting-from-apples-privacy-push-11643898139?source=patrick.net