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Facebook down 20% in after hours


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2022 Oct 26, 6:57pm   9,681 views  60 comments

by AD   ➕follow (1)   💰tip   ignore  

Facebook or Meta peaked at $381 in Sept 2021

It is around $103 in after hours trading and has lost about 73% from its all time high of $381

What is Zuck trying to do ? Is it to prove a point about capitalism and the stock market ?

$$$$$ Notice Sheryl Sandberg bailed out at the right time. $$$$$

Or is he intentionally driving down the price so that they can buy back more shares ?

What gets me is that they finally said in today's earnings report that they are working on streamlining and cutting costs. This is the first time I've heard Meta say this in an official capacity.

What took them so long, or are they just trying to prove that its better to just employ useless workers, or to employ useful workers on useless projects ?

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47   GNL   2023 Mar 17, 2:35pm  

Start your own fucking companies or find a cutting edge small company with a brilliant idea.
48   Eric Holder   2023 Mar 17, 2:50pm  

Booger says

https://finance.yahoo.com/news/meta-hoarded-us-pokemon-cards-120104362.html

Meta ‘hoarded us like Pokemon cards’: Former staffer reveals she had to ‘fight for work’ at company

Silicon Valley VC Keith Rabois of the so-called PayPal Mafia told a banking event earlier this month that Big Tech companies like Meta and Google had hired thousands of people to do “fake work” to hit hiring metrics out of “vanity”—and to stop them working for rivals.

Speaking following layoffs at Google owner Alphabet (12,000) and Meta (11,000 in November and a further 10,000 this month), Insider reported Rabois saying, “There’s nothing for these people to do—it’s all fake work. Now that’s being exposed, what do these people actually do, they go to meetings.”

According to one former member of Meta's staff, Rabois's theory is absolutely true.


I'll rub it in next time I see my buddy who jumped to Fuckbook a year or so ago. =))
49   EBGuy   2023 Mar 17, 4:19pm  

Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet
50   GNL   2023 Mar 17, 7:42pm  

EBGuy says


Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet

Lost out on what, Facebook stock?
51   richwicks   2023 Mar 17, 7:47pm  

EBGuy says

Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet


Warren Buffet is full of shit. He uses government at this point to guarantee his investments after the government creates the panic in the first place. He's not an investor, he's a manipulator.
53   zzyzzx   2023 Jul 11, 9:45am  

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55   Eman   2023 Jul 16, 6:33pm  

FB closed $98 since this post. It’s now $309. Over 200% gains in 9 months. The bounce is simply mesmerizing.
56   FortwayeAsFuckJoeBiden   2023 Jul 16, 8:52pm  

Eman says

FB closed $98 since this post. It’s now $309. Over 200% gains in 9 months. The bounce is simply mesmerizing.


guys here don’t realize how news are manipulated by big guys to create bargains for themselves and selling opportunities when they need.
57   RWSGFY   2023 Jul 17, 1:56am  

EBGuy says


Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet


What "their money"? All their money? Or just "some of their money"? The latter is trivial*, the former in not credible. Show me somebody, anybody, one guy who put all his money into fuckbok back then.

*) Most people have exposure to fuckbook stonks via mutual funds in their 401k.
58   AD   2023 Jul 17, 9:36pm  

FortwayeAsFuckJoeBiden says

guys here don’t realize how news are manipulated by big guys to create bargains for themselves and selling opportunities when they need.


yes, it is all rigged rigged
60   zzyzzx   2023 Oct 25, 11:38am  

https://www.wbaltv.com/article/maryland-meta-facebook-instagram-lawsuit-youth-mental-health/45631058

Maryland among dozens of states to sue Meta over 'youth mental health crisis'

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