Facebook Flopping - Yuge Stock Drop

[Cow Poke]

Tech stocks set to crater on Thursday with Facebook on track for biggest drop ever

The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $125 billion in market value.

The Invesco QQQ Trust, which tracks the Nasdaq 100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after-hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Nasdaq futures opened lower Wednesday evening, off by about 0.8 percent. Facebook lost more than a fifth of its value after hours.

[myth]

Tech stocks set to crater on Thursday with Facebook on track for biggest drop ever

The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $125 billion in market value.

The Invesco QQQ Trust, which tracks the Nasdaq 100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after-hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Nasdaq futures opened lower Wednesday evening, off by about 0.8 percent. Facebook lost more than a fifth of its value after hours.

I'm already thinking about buying some stock tomorrow. Always looking for some nice day/swing trade opportunities. I've been considering a certain options strategy, but I haven't really messed with options much and don't want to start on something like this. I'll save the strategy for another time.

[rogue06]

Is this a sign that Facebook is headed the way of MySpace?

[Leonhard]

Hard to read into these changes. I don't trust those charts to project where a company is heading. This was caused by Facebook announcing that its making changes to how its newsfeed works, so that it'll be biased more towards what your friends are reporting, rather than pages you've liked. This will require companies to change their marketing strategies on Facebook (which they do use as a giant advertising board - the company I work for is no exception), and they're not exactly pleased about it.

They'll adapt, Facebook will bounce back (unfortunately), there's not viable alternative out there yet.

[Sparko]

Is this a sign that Facebook is headed the way of MySpace?

Probably not. While people hate facebook and don't trust it, there isn't a better option out there right now. Google Plus tried to be the next facebook when it came out but it was a total mess and failure.

[Cow Poke]

Hard to read into these changes. I don't trust those charts to project where a company is heading.

Agreed

This was caused by Facebook announcing that its making changes to how its newsfeed works, so that it'll be biased more towards what your friends are reporting, rather than pages you've liked. This will require companies to change their marketing strategies on Facebook (which they do use as a giant advertising board - the company I work for is no exception), and they're not exactly pleased about it.

They'll adapt, Facebook will bounce back (unfortunately), there's not viable alternative out there yet.

I think it's a rude awakening for Zuck!



It's likely that Facebook just grew to its potential, and is now "settling in".

[Cow Poke]

A Harsh Letter, a $16.8B Loss, and a Plan to Fire Zuckerberg

Uh, oh, Zuck....

[Mountain Man]

What can you expect after Zuckerber went before Congress (not under oath!) to deny that Facebook was doing any of the questionable things that they demonstrably continued to do even after he denied they were doing it? A lot of people forget that Facebook was started by a college kid trying to get the phone numbers of girls on campus, and that's essentially how the company has been operated ever since. There's also the fact the Facebook is no longer considered young and hip (my 14 year old disdainfully says that Facebook is for "old people", meaning his mom and dad!) with things like Snapchat taking a big chunk out of the Facebook market.

[thewriteranon]

Ugh, and Snapchat is a disaster waiting to happen. For some people, it's already a disaster. I haven't used Snapchat in more than 4 years.

[Sparko]

oh no! he only has $70 billion. I wonder if he will need to apply for welfare?

[Littlejoe]

Hard to read into these changes. I don't trust those charts to project where a company is heading. This was caused by Facebook announcing that its making changes to how its newsfeed works, so that it'll be biased more towards what your friends are reporting, rather than pages you've liked. This will require companies to change their marketing strategies on Facebook (which they do use as a giant advertising board - the company I work for is no exception), and they're not exactly pleased about it.

They'll adapt, Facebook will bounce back (unfortunately), there's not viable alternative out there yet.

I think MeWe could be a viable alternative if enough people would open profiles there...I love their Privacy Policy

Privacy Policy

Your personal privacy and the privacy of your data is paramount to us at MeWe. We have prepared this Privacy Policy to clearly explain how we protect you and your data at MeWe.


Content Privacy Policy: You Own Your ContentTracking Privacy Policy: We Respect Your Privacy

[rogue06]

Agreed



I think it's a rude awakening for Zuck!



It's likely that Facebook just grew to its potential, and is now "settling in".

Imagine the strain it must be of having to manage on a mere $70,000,000,000.

[Mountain Man]

oh no! he only has $70 billion. I wonder if he will need to apply for welfare?

Yeah, his fall from grace will be cushioned by more money than all of us combined will ever see in our lifetimes.

[Sparko]

Yeah, his fall from grace will be cushioned by more money than all of us combined will ever see in our lifetimes.

I just sent him an email telling him I can help hide his money with a prince I know in Nigeria.

[rogue06]

I just sent him an email telling him I can help hide his money with a prince I know in Nigeria.

But that Prince asked me for his help trying to get his money out of Nigeria.